Public Authorities (Fraud, Error and Recovery) Act 2025
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
62 Interest
(1) An amount payable by a person in accordance with a penalty notice carries interest (“late payment interest”) for each day in the period beginning with the interest start day and ending with the day of payment. (2) The interest start day is the day after the specified day included in a penalty notice in accordance with section 60(1). (3) The late payment interest rate applicable to a day in the interest period is the percentage per year found by adding 2.5 to the Bank of England rate applicable to the day. (4) The Bank of England rate applicable to a day is the official bank rate announced by the Bank of England Monetary Policy Committee at its most recent meeting prior to the day. (5) Late payment interest is not payable on late payment interest.
62 Interest
(1) An amount payable by a person in accordance with a penalty notice carries interest (“late payment interest”) for each day in the period beginning with the interest start day and ending with the day of payment. (2) The interest start day is the day after the specified day included in a penalty notice in accordance with section 60(1). (3) The late payment interest rate applicable to a day in the interest period is the percentage per year found by adding 2.5 to the Bank of England rate applicable to the day. (4) The Bank of England rate applicable to a day is the official bank rate announced by the Bank of England Monetary Policy Committee at its most recent meeting prior to the day. (5) Late payment interest is not payable on late payment interest.
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