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] Related articles on Designing Buildings Wiki
[edit] External references
- Gov.uk Finance Bill 2014.
- Finance Act 2013.
Featured articles and news
We're expanding our collaborative mission by launching DB Intelligence, an exclusive market research advisory panel. Built environment professionals can now get paid to share their expertise on industry trends, products and services.
Panel members receive direct financial incentives for participating in research projects like short surveys, 1-2-1 interviews and focus groups. Register today to shape the future of the construction sector.
Planning condition discharge in England and Wales
A brief exoplanation from a building compliance expert, with further links.
Overheating guidance and tools for building designers
Guidance for dealing with element of building fabric control that have increasing importance.
Shading for housing, a design guide
From the Good Homes Alliance and British Blind and Shutter Association.
UK Standard Skills Classification (SSC)
A shared framework for describing skills needs.
Social media ban consultation comes to close
CIOB urges UK Government to consider social media’s role in careers guidance in ban debate.
The latest of eight Skills England apprenticeship units
The addition of battery manufacturing welcomed by ECA with a warning about the risks of fast-tracked apprenticeship units.
Building Control Independent Panel final report
A precis of a key report led by Dame Hackitt with full recommendations and link to the government response.
Building Safety recap April, 2026
A short and longer run-through of the month, with links to further information and sources.
CIAT May 2026 briefing.
From medieval scribes to modern word art.
ECA welcomes crackdown on late payment and push for clean energy, whilst CIOB seek fixed cladding removal timeframes.
Cyber Security in the Built Environment
Protecting projects, data, and digital assets: A CIOB Academy TIS.
Managing competence in the built environment
ITFG publishes new industry guide on how to meet the ICC principles.
The UK's campaign to reduce noise pollution: Mythbusting, articles and topic guides.
Comments
The Finance Act plays a crucial role in shaping the UK’s tax and budget landscape each year. For small business owners, staying updated on these changes is essential to remain compliant and optimise financial planning. That’s why accounting services for small business can be a real asset-helping navigate new tax rules, manage records accurately, and ensure your finances align with the latest legislation. Professional support makes all the difference.