Finance Act 2002

The Finance Act 2002

Long title An Act 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.
Citation 2002 c.23
Royal assent 24 July 2002
Text of statute as originally enacted
Revised text of statute as amended

The Finance Act 2002 (c.23) is an Act of the Parliament of the United Kingdom prescribing changes to excise duties, Value Added Tax, Income Tax, Corporation Tax and Capital Gains Tax. It enacts the 2002 Budget speech made by Chancellor of the Exchequer Gordon Brown to the Parliament of the United Kingdom.

In the UK, the Chancellor delivers an annual Budget speech outlining changes in spending, tax and duty. The respective year's Finance Act is the mechanism to enact the changes.

The rules governing the various taxation methods are contained within the various taxation acts. (For instance Capital Gains Tax Legislation is contained within Taxation of Chargeable Gains Act 1992. The Finance Act details amendments to be made to each one of these Acts.)


The Climate Change Levy was revised.

This article is issued from Wikipedia - version of the 6/15/2015. The text is available under the Creative Commons Attribution/Share Alike but additional terms may apply for the media files.