Finance_Act_2001

Finance Act 2001

Finance Act 2001

United Kingdom legislation


The Finance Act 2001 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.

Quick Facts Long title, Citation ...

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.


Share this article:

This article uses material from the Wikipedia article Finance_Act_2001, and is written by contributors. Text is available under a CC BY-SA 4.0 International License; additional terms may apply. Images, videos and audio are available under their respective licenses.