Propose a change

Finance Act 2009

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

What to do with it
As published

103 Rates of interest

(1) The late payment interest rate is the rate provided for in regulations made by the Treasury under this subsection. (2) The repayment interest rate is the rate provided for in regulations made by the Treasury under this subsection. (3) Regulations under subsection (1) or (2)— (a) may make different provision for different purposes, (b) may either themselves specify a rate of interest or make provision for such a rate to be determined (and to change from time to time) by reference to such rate, or the average of such rates, as may be referred to in the regulations, (c) may provide for rates to be reduced below, or increased above, what they otherwise would be by specified amounts or by reference to specified formulae, (d) may provide for rates arrived at by reference to averages to be rounded up or down, (e) may provide for circumstances in which alteration of a rate of interest is or is not to be take place, and (f) may provide that alterations of rates are to have effect for periods beginning on or after a day determined in accordance with the regulations in relation to interest running from before that day as well as from or from after that day.

Your change, as a redline

103 Rates of interest

(1) The late payment interest rate is the rate provided for in regulations made by the Treasury under this subsection. (2) The repayment interest rate is the rate provided for in regulations made by the Treasury under this subsection. (3) Regulations under subsection (1) or (2)— (a) may make different provision for different purposes, (b) may either themselves specify a rate of interest or make provision for such a rate to be determined (and to change from time to time) by reference to such rate, or the average of such rates, as may be referred to in the regulations, (c) may provide for rates to be reduced below, or increased above, what they otherwise would be by specified amounts or by reference to specified formulae, (d) may provide for rates arrived at by reference to averages to be rounded up or down, (e) may provide for circumstances in which alteration of a rate of interest is or is not to be take place, and (f) may provide that alterations of rates are to have effect for periods beginning on or after a day determined in accordance with the regulations in relation to interest running from before that day as well as from or from after that day.

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.

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Think 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.

Questions to start with
Think it through
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