An Act to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with finance.
In the UK, the Chancellor delivers an annual Budget speech outlining changes in spending, tax and duty. The respective year's Finance Act is the mechanism to enact the changes.
The rules governing the various taxation methods are contained within the relevant taxation acts. (For instance Capital Gains Tax Legislation is contained within Taxation of Chargeable Gains Act 1992). The Finance Act details amendments to be made to each one of these Acts.
Referencesedit
^The citation of this Act by this short title is authorised by section 115 of this Act.
The Finance Act 2007, as originally enacted from the National Archives.
January 01, 1970
finance, 2007, parliament, united, kingdom, prescribing, changes, excise, duties, value, added, income, corporation, capital, gains, enacts, budget, march, 2007, parliamentparliament, united, kingdomlong, titlean, grant, certain, duties, alter, other, duties, . The Finance Act 2007 is an Act of the Parliament of the United Kingdom prescribing changes to Excise Duties Value Added Tax Income Tax Corporation Tax and Capital Gains Tax It enacts the Budget of 21 March 2007 Finance Act 2007 1 Act of ParliamentParliament of the United KingdomLong titleAn Act to grant certain duties to alter other duties and to amend the law relating to the National Debt and the Public Revenue and to make further provision in connection with finance Citation2007 c 11DatesRoyal assent19 July 2007History of passage through ParliamentText of statute as originally enactedRevised text of statute as amended In the UK the Chancellor delivers an annual Budget speech outlining changes in spending tax and duty The respective year s Finance Act is the mechanism to enact the changes The rules governing the various taxation methods are contained within the relevant taxation acts For instance Capital Gains Tax Legislation is contained within Taxation of Chargeable Gains Act 1992 The Finance Act details amendments to be made to each one of these Acts References edit The citation of this Act by this short title is authorised by section 115 of this Act Sources editHalsbury s StatutesExternal links editThe Finance Act 2007 as amended from the National Archives The Finance Act 2007 as originally enacted from the National Archives Retrieved from https en wikipedia org w index php title Finance Act 2007 amp oldid 1203327518, wikipedia, wiki, book, books, library,
