Finance Bill

This is the annual bill presented by the Government in order to implement the measures contained in the 2007 budget report (HCP 342, session 2006-07, ISBN 9780102944556). It contains eight parts and 27 schedules.

This is the third in a series of reports, which began with the Finance Bill 2003, that examine the technical issues of tax administration. The focus of this report is 'Countering Tax Avoidance' because of it is both important to the Government's taxation strategy and the projected yields are great. The key provisions examined are: Clause 6 and Schedule 1, Disclosure of the Value -Added Tax Avoidance Schemes; Clause 12 and Schedule 2, Direct Tax-Employee Securities Anti-Avoidance; Clause 39 Schedule 7, Avoidance involving Financial Arrangements.

The Finance Bill 2009 published as HC Bill 90-I, II, session 2008-09 (ISBN 9780215533494)

The Finance Bill 2008 was published as Bill 89, session 2007-08 (ISBN 9780215709707)

Dated March 2011. These notes refer to the Finance (No. 3) Bill published on 31 March 2011 (Bill 172-I,II, session 2010-11, ISBN 9780215557957)

Finance Bill 2006 : 6th report of session 2005-06, Vol. 2: Evidence

The Finance Bill 2007 was published as HCB 86, session 2006-07 (ISBN 9780215708533)