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Budgets and legislation

Find information and Tax Faculty analysis on the latest UK Budget and finance legislation, as well as details of historic announcements, Finance Bills and Acts.

In this section

Finance (No.3) Bill 2018

The Finance (No.3) Bill was published on Wednesday 7 November 2018. On this page you can find guidance, parliamentary papers, representations and other commentary on the Bill's progress into law.

Finance (No.2) Act 2017

The Finance (No.2) Act 2017 received Royal Assent on 16 November 2017. It was originally introduced to Parliament as Finance Bill 2017-19. On this page you can find guidance, parliamentary papers, representations and other commentary on the Bill's progress into law.

Finance Act 2017

The Finance Act 2017 received Royal Assent on 27 April 2017. It was originally introduced to Parliament as Finance (No.2) Bill 2016-17. On this page you can find guidance, parliamentary papers, representations and other commentary on the Bill's progress into law.

Finance Act 2016

The Finance Act 2016 received Royal Assent on 15 September 2016. On this page you can find guidance, parliamentary papers, representations and other commentary on the Act's progress through parliament.

Autumn Budget 2017 Report

Technical managers from ICAEW Tax Faculty provide a summary of all the new announcements relating to tax in the Autumn Budget of 2017, covering: business and company tax; personal and employment taxes; pensions and savings; VAT and duties; avoidance, evasion and compliance.

TAXguide 06/17- Budget Report

Technical managers from ICAEW Tax Faculty provide a summary of all the new announcements relating to tax in the Spring Budget of 2017, covering: Making Tax Digital; business and company tax; personal and employment taxes; pensions and savings; VAT and duties; avoidance, evasion and compliance.

Latest articles

Budget 2018: good for London?

While an increase in the personal allowance and higher rate income tax threshold will be good news for London, together with a boost to house building in the east, there was no news on pollution, public transport and policing, writes Paul Gallagher, tax partner at EY.

Reaction to Budget

The Chancellor went into this Budget with the seemingly impossible task of tackling the contradictions of today’s politics. ICAEW's Ross Campbell takes a look and asks, 'did he succeed?'

Previous Budget reaction

Read ICAEW's reaction to previous UK Budgets and statements.

UK Budget 2018

On 29 October, Chancellor Philip Hammond presented the 2018 Budget, his last ahead of Brexit. It was a "spending sprinkle", concludes ICAEW's chief executive. Read his full reaction and expert analysis from ICAEW.

Spring statement 2018

On 13 March, Chancellor Philip Hammond presented his first streamlined Spring Statement. Here you can find reactions to the statement from ICAEW's chief executive and experts from the Tax Faculty, as well as the insights from the ICAEW's latest economic forecast for the UK published ahead of the statement.

Autumn Budget 2017

"Not strong, but stable" - Michael Izza's description of Philip Hammond's second Budget. Read the ICAEW CEO's reaction in full, alongside expert analysis of the implications for tax, business and the UK economy.

Latest representations

ICAEW Rep 126/18

HMRC powers and making tax digital for VAT

ICAEW Rep 124/18

Traffic Light Assessment - Autumn Budget 2018

ICAEW Rep 115/18: Budget Autumn 2018

ICAEW's Tax Faculty has responded to HM Treasury's invitation for comments ahead of the 2018 Budget. The response concludes that there should be no new policy initiatives on tax at this time. Attention should instead be given to enabling taxpayers easily to fulfil their obligations and to understand their entitlements. Coping with HMRC’s digital systems has been made more difficult by the number of policy changes.