Finance Act

(redirected from Finance Act 1987)

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 ?
6 under the finance act 1987, a withholding tax must be deducted from payments for professional services.