Finance Act


Also found in: Wikipedia.

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 counsel argued that Section 3-B of the Punjab Agricultural Act, 1997, was promulgated through the Finance Act, 2013, however the recovery was being sought in respect of the period prior to promulgation of that section.
He pointed out that the Directorate of Transfer Pricing had to be established according to provisions of the Finance Act but could not be practically set up.
Documents seen by the Star show the deal sought to reduce the rates charged per acre from the Finance Act's Sh14, 000 to Sh120.
(TAP) - The Provisional Constitutional Review Authority has referred the Finance Act 2019 to the President of the Republic for its promulgation, with the exception of Article 36 regarding professional secrecy, considered unconstitutional which means that "the finance law is not blocked," said chairman of the authority Taieb Rashed.
Several lenders such as Kenya Commercial Bank (KCB) #ticker:KCB have moved to cut interest rates on deposits to levels below the minimum 6.3 per cent that was in place before the changes in Finance Act abolished the compulsory pegging of rates on 70 per cent of Central Bank Rate (CBR).
This was made possible by revising the Auditors General's Ordinance 2001 via the Finance Act 2013.
This article asks the fast-forward question from the reader, what kind of dilemma will you be in when you finish reading this and getting to know the recent taxes imposed or altered through the Finance Act 2018 (popularly known as budget 2018).
05 (ANI): The Central Board of Direct Taxes (CBDT) on Thursday announced that the Finance Act, 2018 has amended Section 16 of the Income Tax Act, 1961.
It may be mentioned that with a view to incentivize listed manufacturing companies, the federal government has introduced a two percent rebate for Shariah-compliant companies through the Finance Act 2016.
Summary: Under the 2016 Finance Act, small and medium enterprises (SMEs) established in 2016, individual companies and companies engaged in processing activities and whose annual gross sales not exceeding 600,000 dinars
Summary: The Finance Act 2011, which marks the second year of a five-year public investment programme (2010-2014), maintains most of the macroeconomic aggregates included in the Complementary Finance Act (LFC) 2010.
ISLAMABAD, July 2 -- Federal Board of Revenue (FBR) on Thursday issued a number of circulars to implement income tax decisions of the Finance Act 2010 approved by the parliament.

Full browser ?