| Finance Act 2006 |
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| finance | |
| united kingdom law | |
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In the UK , the Chancellor Of The Exchequer delivers an annual Budget speech in March, outlining changes in spending, as well as Tax and Duty . The changes to tax and duty are passed as law, and each year form the respective Finance Act. For example, changes to the law as a result of Gordon Brown 's 2004 Budget form the Finance Act 2004 . FULL TITLE OF THE ACT INCLUDING PRE-AMBLE AND ENACTING FORMULA 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. Most Gracious Sovereign WE Your Majesty's most dutiful and loyal subjects the Commons of the United Kingdom in Parliament assembled, towards raising the necessary supplies to defray Your Majesty's public expenses and making an addition to the public revenue have freely and voluntarily resolved to give and grant unto Your Majesty the several duties hereinafter mentioned and do therefore most humbly beseech Your Majesty that it may be it enacted and be it enacted by the Queen's Most Excellent Majesty, by and with the advice and consent of the Lords Spiritual and Temporal, and Commons, in this present Parliament assembled, and by the authority of the same as follows. |
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