Finance Act 2000
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
41 Covenanted payments to charities.
(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) In section 347A of that Act (annual payments and interest: general rule), subsections (2)(b), (7) and (8) shall cease to have effect. (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) In subsection (6) of section 505 of that Act (charities: general), the words “and, for this purpose, all covenanted payments to charity (within the meaning of section 347A(7)) shall be treated as a single item” shall cease to have effect. (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (7) Section 59 of the Finance Act 1989 (covenanted subscriptions) shall cease to have effect. (8) Where a deed of covenant executed by an individual before 6th April 2000 provides for the payment of specified amounts, any amount payable under the deed on or after that date shall be determined as if the individual were entitled to deduct tax from that amount at the basic rate. (9) This section shall have effect in relation to covenanted payments— (a) falling to be made by individuals on or after 6th April 2000; or (b) made by companies on or after 1st April 2000.
41 Covenanted payments to charities.
(1) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (2) In section 347A of that Act (annual payments and interest: general rule), subsections (2)(b), (7) and (8) shall cease to have effect. (3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (4) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (5) In subsection (6) of section 505 of that Act (charities: general), the words “and, for this purpose, all covenanted payments to charity (within the meaning of section 347A(7)) shall be treated as a single item” shall cease to have effect. (6) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . (7) Section 59 of the Finance Act 1989 (covenanted subscriptions) shall cease to have effect. (8) Where a deed of covenant executed by an individual before 6th April 2000 provides for the payment of specified amounts, any amount payable under the deed on or after that date shall be determined as if the individual were entitled to deduct tax from that amount at the basic rate. (9) This section shall have effect in relation to covenanted payments— (a) falling to be made by individuals on or after 6th April 2000; or (b) made by companies on or after 1st April 2000.
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.