Finance Act 2008

A Bill 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.

Now an Act of Parliament

The story so farThe Finance Bill was introduced in the House of Commons on 18 March 2008 by Jane Kennedy (Labour). It completed its passage through Parliament and became law as the Finance Act 2008, receiving Royal Assent on 21 July 2008.

What the bill does

The annual Finance Bill encompasses all the changes to be made to tax law for the year. Its formal description is 'a Bill 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.' The Bill will enact many of the measures announced in the Budget which was presented by the Chancellor of the Exchequer, Alistair Darling, on 12 March 2008.

Progress through Parliament

1st reading Commons 18 Mar 2008
2nd reading Commons 21 Apr 2008
Committee stage Commons 28 Apr to 29 Apr 2008
Committee stage Commons 6 May to 19 Jun 2008
Report stage Commons 1 Jul to 2 Jul 2008
3rd reading Commons 2 Jul 2008
1st reading Lords 3 Jul 2008
2nd reading Lords 18 Jul 2008
Committee negatived Lords 18 Jul 2008
3rd reading Lords 18 Jul 2008
Royal Assent Unassigned 21 Jul 2008

Source: the official bill page. Last updated 30 Apr 2009.