Finance Act

(redirected from Finance Act 1964)
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Finance Act

Annual legislation in the United Kingdom making changes to the tax structure. The Finance Act may raise or lower taxes or provide tax incentives for various reasons, depending on the government's financial needs. The Finance Act is passed as part of the budget process each year.
References in periodicals archive ?
During the meeting, it was observed that PEPCO is collecting electricity duty which is clear violation of Finance Act 1964.