Finance Bill 2008

Public bill · Government · Presented

Raises income-tax bands and credits, increases some tax reliefs, and changes business taxes, including new rules for foreign dividends, energy-efficient equipment, research and development, petroleum profits and company cars based on emissions. It introduces a simpler VAT system for commercial property, adjusts stamp duty and inheritance-tax rules, and changes excise duties on electricity, fuel, tobacco, alcohol and vehicles, while offering incentives for electric and hybrid vehicles. Revenue gains stronger powers and reporting requirements, including questioning suspects in serious tax investigations and tighter measures against avoidance and evasion.

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