Overview

Finance Bill


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A parliamentary Bill dealing with taxation matters, introduced each year to enact the Budget proposals. In recent years, the normal parliamentary programme has started with the Budget in March or April, with the year's Finance Bill being published a few weeks later. The Finance Bill then passes through the committee stages of the House of Commons, after which it goes for a formal Lords reading as, constitutionally, the House of Lords is unable to amend a money bill. The Finance Bill then receives royal assent, typically in the first week of July. See also money Bill.

Subjects: Law.


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