Finance Bill in United Kingdom

Definition of Finance Bill

In accordance with the work A Dictionary of Law, this is a description of Finance Bill : A parliamentary Bill dealing with taxation matters, usually introduced each year to enact the Budget proposals.

Budget (Finance Bill) Meaning, as used in the UK Parliament

The Budget is the statement (and supporting documents) delivered to the House of Commons each year by the Chancellor of the Exchequer which sets out the state of the nation’s finances and any planned changes to taxation and spending.

The proposals announced in the Budget then form the basis of the annual Finance Bill.

Resources

See Also

• Chancellor of the Exchequer

Further Reading