Finance Act

(redirected from Finance Act 1995)

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 ?
Mentioned in the Budget Speechof 1989 and subsequently introduced under Memorandum 101,SIPPs really came into their own when the concept of income draw down was set out in the Finance Act 1995.
General laws, such as Contract Acts, Sale of Goods Acts, Companies Ordinance 1984, Banking Tribunals Ordinance, Income Tax Ordinance 1979, Stamp Act, Registration Act, Transfer of Property Act and also the now repealed Capital Issues Act (repealed in terms of Finance Act 1995) has relevancy.
Both the companies have changed their accounting period from December to June in pursuance of Finance Act 1995. About 70 per cent tea sales are controlled by two brands Lipton and Brooke Bond both are owned by a single multinational Unilever.

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