Finance Act

(redirected from Finance Act 1994)

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 ?
Accused has been arrested under section 91 for a cognizable offence punishable under section 89 (1) (d) (ii) of the Finance Act 1994.
Before last year, service tax was applicable on only those services that were specified under the Finance Act 1994.