Finance Act

(redirected from Finance Act 1974)

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 ?
But don't be put off, along came Development Gains Tax courtesy of the Finance Act 1974 accompanied by a madcap vision of taking ownership of all develop- ment land in the UK.