Finance Act 2011
Progress of the Bill
Bill started in the House of Commons
- House of Commons
- House of Lords
- Royal Assent
- Royal Assent 19 July, 2011 | 19.07.2011
Act of Parliament
|Finance Act 2011 c.11||19.07.2011|
Latest news on the Finance Act 2011
Second reading - the general debate on all aspects of the Bill - and all remaining stages took place on 18 July.
This Bill is known as a "Money Bill". The House of Lords cannot amend Money Bills so committee stage, report stage and third reading are just formalities.
Following agreement by both Houses on the text of the Bill it received Royal Assent on 19 July. The Bill is now an Act of Parliament (law).
Summary of the Finance Act 2011
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 Finance (No. 3) Bill will enact many of the measures announced in the 2011 Budget, given on 23 March 2011.
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Explanation of what happens after Bills have been passed, and when laws may change.