Finance Bill 2007

Public bill · Government · Presented

Finance Bill 2007 changes tax rules for individuals, businesses and investors, including raising income-tax bands and credits, increasing some rent and mortgage-interest reliefs, and adjusting pension, farming, research and development, and business-investment incentives. It also changes VAT, stamp duty, capital gains and inheritance-tax rules, cuts certain fuel taxes, raises tobacco taxes, offers vehicle-registration-tax relief for electric cars, and simplifies some property and financial transactions. Revenue receives stronger information-gathering and investigation powers, while new safeguards target tax avoidance and impersonation of Revenue officials.

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