The Finance (No.2) Bill 2010-11
The third Finance Bill of the year is proceeding through the Parliamentary process.
As this is only the second Finance Bill in this Parliamentary session it is known as the Finance (No.2) Bill 2010-11. It was first presented to Parliament on 15 September 2010 and contains the draft legislation to enact a series of technical tax measures inherited from the previous Labour Government’s Budget on 24 March 2010.
The Bill was debated at a Second Reading on 12 October 2010 and the Public Bill Committee met for five sittings between 19 and 28 October 2010. The Bill will go through some further stages in the House of Commons and then go through a similar process in the House of Lords before becoming an Act of Parliament.