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Finance Act 2008

A chronology of the bill from its presentation to Royal Assent, with sources of further information on the act.

The Finance Act

The Finance Act 2008 received Royal Assent on 21 July 2008.

Useful links

Finance Bill 2008 - full text of the bill as brought from the House of Commons on 7th July 2008 (HL Bill 74).

Hansard:

Finance Bill 2008 Volume I and Volume II - full text of the bill as amended in the Committee and in Public Bill Committee and re-issued on 23rd June 2008. The amended bill is also available to download in a two volume PDF version: Finance Bill 2008 - Volume I and Volume II (PDF)

Finance Bill Committee - the House of Commons Public Bill Committee on the Finance Bill completed its consideration of the Finance Bill 2008 on 19th June 2008. Reports of the proceedings are available from the committee pages on the Parliament UK website:

The Finance Bill 2008 Report was published by the Economic Affairs Sub-Committee on the Finance Bill on 12th June 2008 and can be downloaded in PDF and HTML formats:

Finance Bill Committee - reports of the proceedings are available from the committee pages on the Parliament UK website.

Finance Bill 2008: Committee Stage Briefing on Clause 22, Periods of residence and Clause 23 and Schedule 7, Remittance basis (TAXREP 44/08) - full text of the Parliamentary Briefing submitted by the ICAEW on 10th June 2008.

Finance Bill Committee - reports of the proceedings are available from the committee pages on the Parliament UK website:

Finance Bill 2008: Committee Stage Briefing on Schedule 37 onwards (TAXREP 43/08) - full text of the Parliamentary Briefing submitted by the ICAEW on 4th June 2008.

Finance Bill Committee - reports of the proceedings are available from the committee pages on the Parliament UK website:

Finance Bill 2008: Committee Stage Briefing on Clause 108 and Schedule 36, Information and inspection powers (TAXREP 42/08) - full text of the Parliamentary Briefing submitted by the ICAEW on 2nd June 2008.

Finance Bill Committee - reports of the proceedings are available from the committee pages on the Parliament UK website:

Finance Bill 2008: Committee Stage Briefing on Clause 42, Homes outside UK owned through company etc (TAXREP 39/08) - full text of the Parliamentary Briefing submitted by the ICAEW on 20th May 2008.

Finance Bill 2008: Committee Stage Briefing on Clause 55, UK residents and foreign partnerships (TAXREP 40/08) - full text of the Parliamentary Briefing submitted by the ICAEW on 18th May 2008.

House of Lords Economic Affairs Committee: Sub-Committee on the Finance Bill 
The written evidence includes the Supplementary Memorandum from the ICAEW, and Further Supplementary Memorandum from the ICAEW submitted on 16th May 2008.

Finance Bill Committee - reports of the proceedings are available from the committee pages on the Parliament UK website:

Memorandum on the Finance Bill 2008 submitted in May 2008 to Government by the Tax Faculty of the Institute of Chartered Accountants in England and Wales (TAXREP 31/08).

Finance Bill Committee - the House of Commons Public Bill Committee on the Finance Bill began its consideration of the Finance Bill 2008 on Tuesday 6th May 2008. Reports of the proceedings are available from the committee pages on the Parliament UK website:

The uncorrected oral evidence and written evidence given to the Sub-Committee on the Finance Bill of the House of Lords Economic Affairs Committee is available through the website of the Sub-Committee on the Finance Bill and includes the evidence given by Mr Frank Haskew, Head of the Tax Faculty, and Ms Francesca Lagerberg, Chairman of the Tax Faculty's Technical Committee, Institute of Chartered Accountants of England and Wales; Mr Derek Allen, Director of Taxation, and Mr Alex MacDougall, Institute of Chartered Accountants for Scotland; and Mr Chas Roy-Chowdhury, Association of Chartered and Certified Accountants on 1st May 2008.

Finance Bill 2008: Clause 7 and Schedule 3, Entrepreneurs' relief (TAXREP 30/08) - full text of the Parliamentary Briefing on Entrepreneurs' relief submitted on 29th April 2008 by the ICAEW Tax Faculty to the Finance Bill Standing Committee.

Committee of the Whole House - Amendments and Proceedings (29th April 2008).

Hansard:

Finance Bill 2008: Written evidence to the House of Lords Economic Affairs Finance Bill Sub-Committee (TAXREP 32/08) - full text of the Written evidence on the 2008 Finance Bill submitted on 28th April 2008 by the ICAEW Tax Faculty to the House of Lords Economic Affairs Finance Bill Sub-Committee.

Committee of the Whole House - Amendments and Proceedings (28th April 2008).

Hansard:

Finance Bill 2008: Second Reading Briefing and Committee of Whole House Briefing (TAXREP 38/08) - full text of the Parliamentary Briefings on the Finance Bill 2008 submitted by the ICAEW on 16th April 2008 for the Second Reading and on 24th April 2008 for the Committee of Whole House stage.

House of Lords Economic Affairs Committee: Sub-Committee on the Finance Bill 
The written evidence given to the sub-committee is available through the website of the Sub-Committee on the Finance Bill and includes the Finance Bill 2008: Written Evidence to the Lords Economic Affairs Sub Committee on the Finance Bill

Finance Bill 2008: ICAEW priority issues Parliamentary briefing submitted on 3rd April 2008 by the ICAEW setting out high level issues arising from the Finance Bill 2008 (TAXREP 27/08)

Hansard:

Bills and Legislation - Finance Bill (Parliament) - dedicated page from the Parliament website which illustrates the progress of the bill with links to debates and other related business papers.

Explanatory notes and clauses: Finance Bill 2008 (HM Treasury) - the explanatory notes and clauses to the Finance Bill 2008 are available to download in PDF format from the Treasury website. A set of lobby notes are also available to download in PDF format. The Publication of the Finance Bill was announced in a Treasury Press Notice on 27th March 2008.

Finance Bill 2008 - the full text of the Finance Bill 2008 as published on 27th March 2008. The bill was ordered to be printed by the House of Commons as Bill 89 and is also available in a two part PDF version (Part 1 and Part 2).

Articles and books in the Library collection

To find out how you can borrow books from the Library please see our guide to book loans.

You can obtain copies of articles or extracts of books and reports by post, fax or email through our document supply service.

Archive

The Library holds an extensive collection of Finance Acts (from the 19th century onwards), Finance Bills (from 1951 onwards), Debates on the Finance Bill as recorded in Hansard, and Standing Committee Debates on the Finance Bills (from 1968 onwards). Alongside this you can also find many publications from the ICAEW and other bodies on the Finance Acts.

We also maintain an online archive of links and resources for Finance Acts 1980–1999 and for Finance Acts 2000–2004.

See LibCat, our online catalogue, for details of our holdings of:

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