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 ?
Through this Act amendments have been made to various sections of Stamp Act 1899, Sindh Urban Immovable Property Tax Act 1958, Sindh Finance Act 1994 and Sindh Sales Tax on Services Act 2011, it was further stated.
Through this act amendments have been made in various sections of Stamp Act 1899, Sindh Urban Immovable Property Tax Act 1958, Sindh Finance Act 1994 and Sindh Sales Tax on Services Act 2011, the statement added.
Also, an important proposal made was to amend the Finance Act 1994 so as to declare assignment by the Government of the right to use the radio-frequency spectrum and its subsequent transfers a service.
Accused has been arrested under section 91 for a cognizable offence punishable under section 89 (1) (d) (ii) of the Finance Act 1994.