Finance Bill 2004

Public bill · Government · Presented

The Finance Bill 2004 changes a wide range of tax rules, including increasing tax credits for employees, raising income-tax exemptions for people aged 65 and over, and adjusting reliefs for farmers, businesses, research and development, films, renewable energy and housing. It also confirms increases in tobacco, fuel and some VAT rates, updates stamp duty and inheritance-tax rules, and introduces stronger requirements for reporting savings interest and powers for Revenue to obtain information. Overall, it aims to implement Budget measures, support selected economic activities and improve tax administration and enforcement.

Formal long title

Bill entitled an Act to provide for the imposition, repeal, remission, alteration and regulation of taxation, of stamp duties and of duties relating to excise and otherwise to make further provision in connection with finance including the regulation of customs

Last updated 28 January 2020