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Finance Act 2018

The Finance Act 2018 received Royal Assent on 15 March 2018. It was originally introduced to Parliament as Finance (No. 2) Bill 2017-19. On this page you can find guidance, parliamentary papers, representations and other commentary on the Bill's progress into law.

The Finance Act

Finance Act 2018
Full text of the Act as enacted on 15 March 2018.

Explanatory notes
Budget Resolutions and explanatory notes.

The Finance Bill

The Bill
Text of the Bill as published on 1 December 2017.

Finance Bill 2017-18 collection
HMRC collection of supporting documents published for the Bill, including the draft legislation and explanatory notes for each section.

Bill stages - Finance Act 2018
Timeline tracking the Bill's progress through Parliament.


The Tax Faculty has news and commentary on Finance (No.2) Bill 2017-19. This includes:

Summary of Finance Bills and Acts issued between 2015 and 2017

Bill Publication Act Royal Assent Notes
Finance (No.2) Bill 2017-19 1 December 2017 Finance Act 2018 15 March 2018  
Finance Bill 2017-19 8 September 2017 Finance (No.2) Act 2017 16 November 2017  
Finance (No.2) Bill 2016-17 20 March 2017 Finance Act 2017 27 April 2017 Truncated, pre-election Bill
Finance Bill 2016-17
19 May 2016
Finance Act 2016
15 September 2016
Finance (No.2) Bill 2015-16 24 March 2016 See Finance Bill 2016-17
The Bill's passage through Parliament ran over two Parliamentary sessions
Finance Bill 2015-16 15 July 2015 Finance (No.2) Act 2015 18 November 2015
Finance (No.2) Bill 2014-15 24 March 2015 Finance Act 2015 26 March 2015 Truncated, pre-election Bill

Articles and books in the Library collection

The ICAEW Library & Information Service holds reference copies of the British Tax Review journal, which publishes special editions containing in-depth notes on each Finance Act. Issue number 3, 2018, covers the following sections/schedules of the Finance Act 2018:

  • Sections 14–17 and Schedules 4 and 5: EIS, SEIS, SI and VCT reliefs
  • Sections 20–21: intangible fixed assets
  • Section 24 and Schedule 8: corporate interest restriction
  • Section 26: freezing of indexation allowance for gains chargeable to corporation tax
  • Section 27: assets transfer to non-resident company: reorganisations of share capital etc
  • Section 28: depreciatory transactions within a group of companies
  • Section 30: reduction of relief in cases where losses relieved sideways etc 
  • Section 31: countering effect of avoidance arrangements
  • Section 33 and Schedule 9: bank levy
  • Section 35 and Schedule 10: settlements: anti-avoidance etc
  • Section 37: carried interest
  • Section 38: online marketplaces
  • Section 40 and Schedule 11: higher rates for additional dwellings
  • Section 41: relief for first-time buyers

Please see our document supply service page for information on how to request copies of journal articles (subject to copyright licensing restrictions).

Find more articles and books

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.


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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