Finance (No. 2) Bill: Commons stages
28 April 2017
Both the House of Commons and the House of Lords have agreed on the text of the Finance (No. 2) Bill. The Bill received Royal Assent on 27 April 2017 becoming an Act of Parliament (law).
The Finance (No. 2) Bill 2016-17
Summary of the Bill
The Finance (No. 2) Bill affects the national debt, public revenue and taxation. The Bill includes provisions for changes to income tax, a soft drinks industry levy, and more.
Keep up to date with all the proceedings and documentation, including amendment papers, on the Finance (No. 2) Bill and find out how a Bill becomes an Act of Parliament.
- Follow Bills before Parliament: Finance (No. 2) Bill
- About Parliament: Passage of a Bill through Parliament
- Find out more about how Parliament checks and approves Government spending and taxation
Finance (No. 2) Bill: Commons stages
Royal Assent
The Finance (No.2) Bill received Royal Assent on 27 April 2017, becoming an Act of Parliament (law).
Committee of the Whole House, Report and Third Reading stages
The Commons debated the Finance (No.2) Bill in its Committee of the Whole House and Remaining Stages on Tuesday 26 April 2017.
The Bill passed all of its Commons stages and was passed to the House of Lords.
- Watch Parliament TV: Remaining stages of the Finance (No. 2) Bill
- Read Commons Hansard: Remaining stages of the Finance (No. 2) Bill
- Read current Parliamentary material in Topics: Taxation
- Read current Parliamentary material in Topics: Economic policy
Second Reading
MPs debated the Second Reading of the Finance (No. 2) Bill on 18 April 2017.
The Finance (No. 2) Bill passed Second Reading with a division, (Division 195). MPs debated the main principles of the Bill at Second Reading.
- Watch Parliament TV: Second Reading of the Finance (No. 2) Bill
- Read Commons Hansard: Finance (No. 2) Bill Second Reading
About the Bill and the Budget
Each year the Chancellor of the Exchequer presents the Budget, which contains all the tax measures for the year ahead. The statutory provisions to give effect to these tax measures are set out in a single Bill: the annual Finance Bill.
The Budget motions which will serve as the founding resolutions for the Finance (No. 2) Bill were agreed upon by the House of Commons at the end of the Budget debate on Tuesday 14 March.
The Chancellor made a statement on Class 4 National Insurance Contributions on Wednesday 15 March, updating the House on changes to Government policy since the Budget motions were agreed.
- Find out more on Parliament news: Statement on Class 4 National Insurance Contributions: Wednesday 15 March
- Read current Parliamentary material in Topics: Taxation
- Read current Parliamentary material in Topics: Economic policy
Related information
House of Commons Library analysis
The House of Commons Library produces briefing papers to inform MPs and their staff of key issues. The papers contain factual information and a range of opinions on each subject, and aim to be politically impartial.
The Library has published a briefing paper for Second Reading.
Watching proceedings from the public gallery
UK residents and overseas visitors can watch proceedings in the House of Commons by visiting the public gallery.
Follow @HouseofCommons on Twitter for updates on the UK House of Commons Chamber.
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