Finance Bill 2014
The Finance Bill 2014 was presented to Parliament on 25 March 2014. The Bill contains the legislation for many of the tax measures that have been announced by the Government. The Bill had its second reading on 1 April 2014 and the Public Bill Committee is expected to report by 17 June 2014.
The Finance Bill will then go through further stages in the House of Commons before proceeding through an additional process in the House of Lords prior to becoming an Act of Parliament.
The Finance Bill 2014 is formally known as Finance (No. 2) Bill 2013-14. Upon Royal Assent it will become known as the Finance Act 2014.