The Finance Act
Summary of Finance Bills and Acts issued in 2005
| Bill | Publication date | Outcome |
| Finance Bill 2005 | 26 May 2005 | Finance (No.2) Act 2005 |
| Finance (No.2) Bill 2005 | 6 April 2005 | Finance Act 2005 |
| Finance Bill 2005 | 24 March 2005 | Bill withdrawn |
Timeline
TaxGuide 2/06 Finance Act 2005 Representations and HMRC Responses - ICAEW Tax Faculty - Tax Guidance note containing the text of replies from HMRC issued in February 2006 to representations published as TAXREP 23/05 submitted in May 2005 to the Treasury by the Tax Faculty of the ICAEW commenting on Finance Act 2005.
Tax Faculty response to Finance Act 2005 (ICAEW) - full text of the Tax Faculty response to the Finance Act 2005 (published as Technical Release TAXREP 23/05). The response was announced in a Tax Faculty news item on 24 May 2005.
A travesty of democracy (LITRG) - Accounting Web report on comments by the Low Incomes Tax Reforms Group on 11th April 2005 commenting on the lack of scrutiny given to the Finance Act 2005. Their press release contrasts this approach with the two page pre-election Finance Act of 1979.
Tax Faculty warns of system 'falling into disrepute' (Accounting Web) - article published in Accounting Web on 11th April 2005 reporting on the debate in Parliament and the concerns of the Tax Faculty.
Finance Act 2005 - the full text of the Finance Act, which gained royal assent on 7th April 2005, was made available online from HMSO Online: Acts of the UK Parliament 2005 on 8th April 2005.
MPs pass 200 pages of tax law in four hours (Accounting Web) - article published in Accounting Web on 7th April 2005 reporting on the progress of the Finance (No 2) Bill 2005 in the House of Commons.
Committee of the Whole House Proceedings for the Finance (No. 2) Bill
Official Report of the House of Commons (Hansard) - includes the Finance Bill debates in the following edition:
- 6th April 2005 (432/64) - first, second and third reading.
Hansard refers to relevant documents from oral and written evidence taken by the Treasury Committee on 21st and 22nd March, HC 482-i and HC 482-ii, on the 2005 Budget. A set of memoranda were published in relation to these two Treasury Committee hearings.
Government shelves anti-avoidance measures (Accounting Web) - article published on Accounting Web on 6th April 2005 reporting on the measures from the Finance Bill 2005 that have not been included in the Finance (No 2) Bill.
Finance Bill 2005 (Inland Revenue) - dedicated section of the Inland Revenue website which notes the publication of the Finance (No.2) Bill 2005 and states that 'all related Revenue documents can be accessed from this page'.
Explanatory notes and clauses: Finance (No 2) Bill 2005 (HM Treasury) - the explanatory notes and clauses to the Finance (No 2) Bill 2005 are available to download in separate sections from the Treasury website.
Finance (No.2) Bill 2005 - full text of the Finance (No.2) Bill 2005 as published on 6 April 2005 in PDF and HTML formats on the United Kingdom Parliament website.
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