Finance Act

(redirected from Finance Acts)

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.
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References in periodicals archive ?
Summary: New Delhi [India], Feb 28 (ANI): Delhi High Court on Thursday dismissed a PIL filed by Congress leader and Rajya Sabha MP Jairam Ramesh challenging the amendments made to the Prevention of Money Laundering Act (PMLA), 2002 through Finance Acts or Money Bills since 2015.
However, subsequently, PMLA was amended thrice using the Finance Act as a aACAycloakaACAO.
Prior to 2014, the Valued Added Tax Act and previous Finance Acts zero-rated agricultural pest control products.
According to court documents, the President on July 18 assented to the Tax Laws (Amendment) Act, 2018, which deleted item 17 under second schedule of the Value Added Tax Act 2013 as amended by the Finance Act 2017.
BANKING AND CREDIT NEWS-May 3, 2018-Hilco Corporate Finance acts as advisor to Go!
M2 EQUITYBITES-May 3, 2018-Hilco Corporate Finance acts as advisor to Go!
Summary: ALGIERS- The complementary finance act for 2010 reinforces government's approach and comes in line with measures included in the previous finance acts, Minister of Finance Karim Djoudi affirmed Thursday.
Finance Acts today are typically three times as big as 25 years ago.
It said this compared with an average of 484 pages during the past seven years, and an average of just 153 pages during the early 1980s, meaning Finance Acts today are typically three times as big as they were 25 years ago.
He said: "Taxpayers are swamped by a barrage of legislation, whereas other highly-developed countries have tax systems that work perfectly well, with a tax code and Finance Acts that are much shorter than those in the UK.
This year's Finance Act was the third longest ever, and was well up on the 363 pages contained in the act last year, when there were two Finance Acts, although it was down on 2004's record of 634 pages.
It regretted that through Finance Act 2013 and 2014, the rates of initial allowance in respect of addition to Fixed Assets were revised.

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