The Finance Act

View the full text of the Finance Act 2006, as published on 19 July 2006.

As the second Finance Bill of the 2005–6 Parliamentary session, the bill published on 7 April 2006 has the official title of Finance (No.2) Bill 2006. However, as there is no bill with the title Finance Bill 2006, many published articles have chosen to refer to the Finance (No.2) Bill 2006 as simply Finance Bill 2006.

Useful links

Finance (No. 2) Bill 2006: Parliamentary Briefings (TAXREP 22/06) 
Written briefings submitted in 2006 to Government and Opposition MPs by the ICAEW Tax Faculty. The responses from the HMRC were published in Finance (No. 2) Bill 2006: Tax Faculty Representations and HMRC Responses (Tax Guide 9/06).

Finance Act 2006 - full text of the Finance Act 2006 as published on the Office of Public Sector Information (OPSI) website on 19th July 2006. At the time of writing it is currently only available in PDF format.

Minutes of Proceedings (House of Lords) - the minutes for Wednesday 19th July 2006 include the notification from the Lord Speaker (Baroness Hayman) that the Queen’s Assent had been given to the Finance Act.

Finance (No.2) Bill 2006 - dedicated section of the Parliament website for the Finance Bill, featuring the full text of the Finance (No.2) Bill 2006 published on 6th July 2006 'as brought from the Commons (Lords)'. The bill was ordered to be printed by the House of Commons as Bill 135 on 6th July 2006 and is available in PDF format (Volume I | Volume 2).

Finance (No.2) Bill 2006 - the full text of the Finance (No.2) Bill 2006 as published in June 2006 'not amended in the Committee and as amended in Standing Committee A on 20th June 2006'. The bill was ordered to be printed by the House of Commons as Bill 197 on 20th June 2006 and is available in both a PDF version (Volume I | Volume 2) and HTML version. The Report Stage Proceedings are also available for the bill.

House of Lords Economic Affairs Committee - a Sub-Committee on the Finance Bill was set up to examine the Finance (No.2) Bill 2006. The sub-committee heard evidence from 26th April 2006 until 22nd May 2006. The Sixth Report of the Economic Affairs Committee on the Finance Bill ('The Finance Bill 2006, HL, Paper 204-II') was published on their website in two parts on 23rd June 2006. Part I is available in HTML or PDF formats and includes an abstract for the report. Part II is available in HTML or PDF formats. The Tax Faculty (ICAEW) commented on the report in the news release Lords Economic Affairs Committee: Not the way to make tax changes on 3rd July 2006.

TAXREP 13/06: Finance (no 2) Bill 2006 - representation issued by the Institute's Tax Faculty on 15th May 2006. The paper follows on from earlier briefing papers and aims to collect the comments of the Tax Faculty on the Finance Bill, including their general comments on the overarching themes in the Bill. The responses from the HMRC were published in Finance (No. 2) Bill 2006 Tax Faculty Representations and HMRC Responses' (Tax Guide 9/06).

Finance Bill in Standing Committee A - archive of debates in the House of Commons Standing Committee A on the Finance (No. 2) Bill (9th May 2006-). The latest version of the Standing Committee Amendment Papers and an archive of the Standing Committee Proceedings for the Finance (No. 2) Bill are also available on the website.

Committee of the Whole House Proceedings for the Finance (No. 2) Bill - the proceedings are available for 2nd May 2006 (see also Amendment Paper as at Tuesday 2nd May 2006) and 3rd May 2006 (see also Amendment Paper as at Wednesday 3rd May 2006). The ICAEW published ICAEW briefing for Committee of the Whole House and ICAEW further briefing for Committee of the Whole House.

Official Report of the House of Commons (Hansard) includes the Finance Bill debates.

Parliamentary Briefing Paper - Second Reading of the 2006 Finance Bill (ICAEW) - briefing paper published by the Institute. The paper raises a number of issues for the Finance Bill and issues parallel to the Finance Bill.

Treasury Report on the Budget - fourth report from the Treasury Committee (HC 994-I) on the budget, as ordered to be printed on 20th April 2006. The report from the inquiry was produced 'in time to report to the House before the debate on the Second Reading of the Finance Bill'.

Finance Bill 2006 (HMRC) - guidance note published by the HMRC on the new Bill including information about Regulatory Impact Assessments and other related documents on 7th April 2006.

Finance (No.2) Bill 2006 - the full text of the Finance (No.2) Bill 2006 as published on 7th April. The bill was ordered to be printed by the House of Commons as Bill 161 on 29th March 2006 and is available in both a PDF version and HTML version.

Business of the House - the Leader of the House of Commons (Mr. Geoffrey Hoon) gave the business for the weeks after the Easter recess and stated that the provisional business would include the Second Reading of the Finance Bill on Monday 24 April 2006. The announcement was published in Hansard (Volume No. 444, Part No. 135) on 30th March 2006.

Written ministerial statement - the Paymaster General (Dawn Primarolo) supplied a written Ministerial Statement to the Commons on Wednesday 29th March stating that the Finance Bill was expected to be published on Friday 7th April. The full text of the statement was published in Hansard (Volume No. 444, Part No. 134) on 29th March 2006.

Articles and books in the Library collection

• View a list of articles and books in our collection on the Finance Act 2006

To find out how you can borrow books from the Library please see our guide to book loans.

You can obtain copies of articles or extracts of books and reports by post or email through our document supply service.

Archive

The Library holds an extensive collection of Finance Acts (from the 19th century onwards), Finance Bills (from 1951 onwards), debates on the Finance Bill as recorded in Hansard, and Standing Committee Debates on the Finance Bills. Alongside this you can also find many publications from the ICAEW and other bodies on the Finance Bills and Acts.

For full details of our holdings in this area, see our guide to Finance Acts and Bills in the Library collection.

We also maintain an online archive of links and resources for Finance Acts 1980–1995 and for Finance Acts 1996–.