Finance Act 1997

Finance Act 1997[a]
Act of Parliament
coat of arms
Parliament of the United Kingdom
Long titleAn 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.
Citation1997 c. 16
Territorial extent United Kingdom
Dates
Royal assent19 March 1997 [1]
Commencement19 March 1997[b]
Other legislation
Amends
Amended by
Status: Amended
Text of statute as originally enacted
Revised text of statute as amended
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 (c. 16) is an act of the Parliament of the United Kingdom enacting the 1997 United Kingdom Budget.[1] 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.

Notes

  1. ↑ Section 114.
  2. ↑ Section 4(b) of the Interpretation Act 1978.

References

  1. 1 2 "Finance Act 1997: The Finance Act 1997 received Royal Assent on 19 March 1997. On this page you can find guidance, parliamentary papers, representations and other commentary on the Act's progress through parliament". Institute of Chartered Accountants England and Wales (ICAEW). Retrieved 18 July 2026.
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