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单词 Finance Bill
释义

Finance Bill
A money bill ealing with taxation matters, introduced to Parliament each year to enact the Budget proposals. Income tax and corporation tax are annual taxes, which means that each requires a bill each year to impose a tax charge for the year. The Finance Bill is published a few weeks after the Budget and then passes through the committee stages of the House of Commons, after which it goes for a formal Lords reading as, constitutionally, the House of Lords is unable to amend a money bill. The Finance Bill then receives royal assent and becomes the year’s Finance Act.

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更新时间:2025/3/14 4:18:36