Finance act
The Finance Act is the primary budgetary legislation introduced annually by the UK government. It sets out measures for each fiscal year in relation to taxation, exemptions, reliefs, duties and so on.
The key changes introduced by the Finance Act are described in a statement by the Chancellor of the Exchequer on budget day (along with details of spending proposals). Changes can also be brought in to close loopholes or as a result of a change of government. Changes will initially be set out in the Finance Bill, which is enacted once it has been given royal assent.
The government aims to confirm the majority of Finance Bill at least three months prior to its introduction to Parliament, publishing draft legislation where possible. The aim of this consultation process is to ensure the proposed legislation works as intended.
The measures to be included in Finance Bill 2014 were confirmed in the budget statement on 19 March 2014 and introduced into Parliament on 25 March 2014.
[edit] Related articles on Designing Buildings Wiki
[edit] External references
- Gov.uk Finance Bill 2014.
- Finance Act 2013.
Featured articles and news
Twas the site before Christmas...
A rhyme for the industry and a thankyou to our supporters.
Plumbing and heating systems in schools
New apprentice pay rates coming into effect in the new year
Addressing the impact of recent national minimum wage changes.
EBSSA support for the new industry competence structure
The Engineering and Building Services Skills Authority, in working group 2.
Notes from BSRIA Sustainable Futures briefing
From carbon down to the all important customer: Redefining Retrofit for Net Zero Living.
Principal Designer: A New Opportunity for Architects
ACA launches a Principal Designer Register for architects.
A new government plan for housing and nature recovery
Exploring a new housing and infrastructure nature recovery framework.
Leveraging technology to enhance prospects for students
A case study on the significance of the Autodesk Revit certification.
Fundamental Review of Building Regulations Guidance
Announced during commons debate on the Grenfell Inquiry Phase 2 report.
CIAT responds to the updated National Planning Policy Framework
With key changes in the revised NPPF outlined.
Councils and communities highlighted for delivery of common-sense housing in planning overhaul
As government follows up with mandatory housing targets.
CIOB photographic competition final images revealed
Art of Building produces stunning images for another year.
HSE prosecutes company for putting workers at risk
Roofing company fined and its director sentenced.
Strategic restructure to transform industry competence
EBSSA becomes part of a new industry competence structure.
Major overhaul of planning committees proposed by government
Planning decisions set to be fast-tracked to tackle the housing crisis.
Industry Competence Steering Group restructure
ICSG transitions to the Industry Competence Committee (ICC) under the Building Safety Regulator (BSR).
Principal Contractor Competency Certification Scheme
CIOB PCCCS competence framework for Principal Contractors.
The CIAT Principal Designer register
Issues explained via a series of FAQs.