| Act of Parliament | |
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| 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 | 1997 c. 16 |
| Dates | |
| Royal assent | 19 March 1997 |
Status: Current legislation | |
| Text of statute as originally enacted | |
| Text of the Finance Act 1997 as in force today (including any amendments) within the United Kingdom, from legislation.gov.uk. | |
The Finance Act 1997 is an Act of the Parliament of the United Kingdom enacting the 1997 United Kingdom Budget. The Chancellor of the Exchequer delivers the annual budget speech outlining changes in spending, tax, duty and other financial matters. The respective year's Finance Act is the mechanism to enact the changes. Levels of Excise Duties, Value Added Tax, Income Tax, Corporation Tax and Capital Gains Tax) are often modified.
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
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