Finance Bill receives Royal Assent
The 2000 Finance Bill today completed its much-troubled passage through parliament and was given Royal Assent.
After challenges by the IT industry over National Insurance contributions on share options, several late amendments and a scrap over plans for tightening tax rules on the use of mixer companies, the 2000 Finance Bill became an Act.
Before the March Budget, the English ICA’s Tax Faculty warned that you would need a small crane to lift the Finance Bill. And it was proved right when the Bill began with 558 pages and grew to 572 pages with amendments.