Finance Act

(redirected from Finance Act 1972)
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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 ?
The opposition protested against the move and walked out of the house till the approval of the bill which aims to postpone enforcement of amendments in the provisions of the Punjab Immovable Property Tax Act 1958 and Punjab Finance Act 1972.