Finance Act

(redirected from Finance Act 1985)
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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 firm, which did not want to be identified, was originally hit with a fine of over 30k[pounds sterling] under VAT notification liabilities contained in the Finance Act 1985 and later the VAT Act 1994.