The Data-gathering (Ongoing Data: Interest and Payment Card Transactions) Regulations 2026
Write the words of this act the way you think they should read. Solon shows your change as a redline against the published text and pins it to that exact text, so it can never be applied to wording you did not see.
Change 1
Schedule 1 Annual ongoing data: relevant financial institution
Regulation 8 1 The total amount of interest paid or credited by the relevant financial institution during the tax year to— (a) the person to whom the relevant annual amount was paid or credited (“the recipient”), or (b) if different, the beneficiary of the relevant annual amount (“the beneficiary”). 2 The currency in which the relevant annual amount was paid or credited, if other than sterling. 3 If tax was withheld in relation to the relevant annual amount, the amount withheld. 4 The frequency with which interest was paid or credited to or in relation to the recipient or beneficiary during the tax year. 5 If the relevant annual amount was paid or credited in relation to an account, the following details of the account— (a) account type; (b) account number; (c) sort code; (d) account name; (e) number of persons who are account holders; (f) whether the account was opened or closed during the tax year. 6 The following details in relation to the recipient or beneficiary of the relevant annual amount— (a) name; (b) date of birth; (c) principal residential address; (d) national insurance number, or confirmation that the person is not entitled to apply for one.
Schedule 1 Annual ongoing data: relevant financial institution
Regulation 8 1 The total amount of interest paid or credited by the relevant financial institution during the tax year to— (a) the person to whom the relevant annual amount was paid or credited (“the recipient”), or (b) if different, the beneficiary of the relevant annual amount (“the beneficiary”). 2 The currency in which the relevant annual amount was paid or credited, if other than sterling. 3 If tax was withheld in relation to the relevant annual amount, the amount withheld. 4 The frequency with which interest was paid or credited to or in relation to the recipient or beneficiary during the tax year. 5 If the relevant annual amount was paid or credited in relation to an account, the following details of the account— (a) account type; (b) account number; (c) sort code; (d) account name; (e) number of persons who are account holders; (f) whether the account was opened or closed during the tax year. 6 The following details in relation to the recipient or beneficiary of the relevant annual amount— (a) name; (b) date of birth; (c) principal residential address; (d) national insurance number, or confirmation that the person is not entitled to apply for one.
One line that says what changes, such as "Halve the dog tax".
Who it helps, what it costs, what it fixes. It is what persuades people to support it.
A proposal here is not law. Support on Solon is evidence that people want the change; the official route says what it takes to make it law.
Sign in to file your proposal. What you have written stays on this page.
Sign in to file itThink it through
Ask what your change would do, who would gain and who would bear a cost, and where something like it is already law. The assistant reads your draft as it stands, cites the law and the studies it finds, and takes no side. What you file stays yours.