ÀÏ˾»úÎçÒ¹¸£Àû

Provisional Collection of Taxes Act 1968 (1968 c 2)

The Provisional Collection of Taxes Act 1968 grants the UK government temporary authority to collect taxes outlined in the Budget before they are formally ratified by Parliament. This Act enables the execution of tax proposals immediately following their announcement in the Chancellor of the Exchequer’s Budget speech, ensuring fiscal stability and uninterrupted revenue collection. It addresses the potential delay between proposal and formal enactment, permitting the continuation of essential government functions while Parliament debates and approves the necessary legislation. This mechanism is vital for maintaining the government’s financial efficacy and economic stability.

Quick and comprehensive access to the most accurate, up-to-date legislation.

ÀÏ˾»úÎçÒ¹¸£Àû traffic light system shows the status of legislation and cases so you are always using up-to-date law while historical versioning and legislative timelines lets you see exactly what has changed in legislation over time.

TAKE A FREE TRIAL

Provisional Collection of Taxes Act 1968 (1968 c 2)

The Provisional Collection of Taxes Act 1968 grants the UK government temporary authority to collect taxes outlined in the Budget before they are formally ratified by Parliament. This Act enables the execution of tax proposals immediately following their announcement in the Chancellor of the Exchequer’s Budget speech, ensuring fiscal stability and uninterrupted revenue collection. It addresses the potential delay between proposal and formal enactment, permitting the continuation of essential government functions while Parliament debates and approves the necessary legislation. This mechanism is vital for maintaining the government’s financial efficacy and economic stability.

Quick and comprehensive access to the most accurate, up-to-date legislation.

ÀÏ˾»úÎçÒ¹¸£Àû traffic light system shows the status of legislation and cases so you are always using up-to-date law while historical versioning and legislative timelines lets you see exactly what has changed in legislation over time.

TAKE A FREE TRIAL

Provisional Collection of Taxes Act 1968 (1968 c 2)

Related legal guidance

Related tax documents

Popular documents

LEXISNEXIS

Third party rights—the common law doctrine of privity of contract

Third party rights—the common law doctrine of privity of contractThis Practice Note discusses the common law doctrine of privity of contract; the equitable and statutory exceptions to it; how the doctrine affects enforcing a contract against a third party and what happens when, notwithstanding the

LEXISNEXIS

Acknowledgment of service

Acknowledgment of serviceThis Practice Note explains when an acknowledgment of service is required (CPR 10) and the consequences of a failure to file an acknowledgment of service. It identifies the correct form to use, what information must be included and who must to sign the form. The different

LEXISNEXIS

The British Franchise Association (BFA)

The British Franchise Association (BFA)This Practice Note examines the role and remit of the British Franchise Association (the BFA) in the franchise industry in the UK. It looks at the legislative and regulatory framework in the franchise industry, the membership criteria of the BFA, the BFA’s Code

LEXISNEXIS

Negligence—when is the duty of care breached?

Negligence—when is the duty of care breached?Having established that a duty of care exists (see Practice Note: Negligence—when does a duty of care arise?), it is then necessary to consider whether or not there has been a breach of that duty. This will depend on a number of factors outlined below and