Finance act
The Finance Act is the primary budgetary legislation introduced annually by the UK government. It sets out measures for each fiscal year in relation to taxation, exemptions, reliefs, duties and so on.
The key changes introduced by the Finance Act are described in a statement by the Chancellor of the Exchequer on budget day (along with details of spending proposals). Changes can also be brought in to close loopholes or as a result of a change of government. Changes will initially be set out in the Finance Bill, which is enacted once it has been given royal assent.
The government aims to confirm the majority of Finance Bill at least three months prior to its introduction to Parliament, publishing draft legislation where possible. The aim of this consultation process is to ensure the proposed legislation works as intended.
The measures to be included in Finance Bill 2014 were confirmed in the budget statement on 19 March 2014 and introduced into Parliament on 25 March 2014.
[edit] Find out more
[edit] Related articles on Designing Buildings Wiki
[edit] External references
- Gov.uk Finance Bill 2014.
- Finance Act 2013.
Featured articles and news
Technology is making remote work a reality.
Carefully placed structures add drama to pastoral vistas.
Making mission impossible...possible!
Report provides actions required by 2030 to achieve a zero carbon economy.
Flat white isn't just for coffee
What type of cool roof is most suitable?
Active Travel programme prioritises cyclists and pedestrians.
CIAT issues caution for use of new standard.
ICE examines Scotland's infrastructure
Industry leaders discuss climate change, the economy and other influences.
The building manager is key to operations.
The impact Scotland’s dynamic coast has on the historic environment.
Conservation, People and Places
IHBC announces role in new APPG.
How healthy pond ecosystems support biodiversity.
The architecture of the medieval anchorhold.