Finance Act 2001
| Act of Parliament | |
| Long title | 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. |
|---|---|
| Citation | 2001 c. 9 |
| Territorial extent | United Kingdom |
| Dates | |
| Royal assent | 11 May 2001 |
| Commencement | 11 May 2001[b] |
| Other legislation | |
| Amends | |
Status: Amended | |
| Text of statute as originally enacted | |
| Revised text of statute as amended | |
| Text of the Finance Act 2001 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk. | |
The Finance Act 2001 (c. 9) 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 2001 Budget speech made by Chancellor of the Exchequer Gordon Brown to the Parliament of the United Kingdom.
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 various 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.
Notes
- ^ Section 111.
- ^ Section 4(b) of the Interpretation Act 1978.
References
- Halsbury's Statutes
- Ian Ferrier, Clare Davies and Donald Pearce-Crump. "Finance Act 2001". Current Law Statutes 2001. Sweet & Maxwell. London. W Green. Edinburgh. 2001. Volume 1. Chapter 9. pp 9-1 to 9–289.
External links
- Text of the Finance Act 2001 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk.
- Text of the Finance Act 2001 as originally enacted or made within the United Kingdom, from legislation.gov.uk.