Finance (No. 3) Act 2010
Act of ParliamentThis bill passed all stages in both Houses and received Royal Assent.
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Long title
A Bill to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with finance.
Summary
<p>The annual Finance Bill encompasses all the changes to be made to tax law for the year. Its formal description is "a Bill to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Revenue, and to make further provision in connection with finance.” </p><p>In fact, this Bill is the second Finance Bill of the current Session. Its purpose is to enact a series of technical tax measures inherited from the previous Labour government's Budget on 24 March 2010. The timing of the 2010 General Election saw the Labour Government introduce a shortened Bill, with the intention of introducing a second Bill after the election. </p><p>In its first Budget on 22 June the Coalition Government announced that it would introduce one short Finance Bill before the summer recess to implement its key priorities, and a second Bill in the autumn to clear these inherited measures.</p>
Progress through Parliament
- 1st reading· Commons
15 September 2010 – 15 September 2010
- 2nd reading· Commons
11 October 2010 – 11 October 2010
- Committee stage· Commons
19 October 2010 – 28 October 2010
- Report stage· Commons
8 November 2010 – 8 November 2010
- 3rd reading· Commons
8 November 2010 – 8 November 2010
- 1st reading· Lords
9 November 2010 – 9 November 2010
- 2nd reading· Lords
22 November 2010 – 22 November 2010
- Committee negatived· Lords
22 November 2010 – 22 November 2010
- 3rd reading· Lords
22 November 2010 – 22 November 2010
- Royal Assent· Unassigned
16 December 2010 – 16 December 2010
Source: UK Parliament Bills API. Bill ID: 761.