Finance Act 2009
A Bill to grant certain duties, to alter other duties, and to amend the law relating to the National Debt and the Public Review, and to make further provision in connection with finance.
The annual Finance Bill encompasses all of the changes to be made to tax law for the year. Its formal description is ‘a Bill 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.’ The Bill will enact many of the measures announced in the Budget, which was presented by the Chancellor of the Exchequer, Alistair Darling, on 22 April 2009.
- Two important changes to income tax were announced in the 2009 Budget, which will take effect from April 2010, and the Bill includes enabling provisions for these:
a new higher rate of income tax of 50 per cent on income over £150,000 - the gradual withdrawal of the personal allowance for individuals with incomes above £100,000.
Last fetched 25 Apr 2026 · parliament.uk
Progress through Parliament9 stages recorded
Commons
1st reading
28 Apr 2009
Commons
2nd reading
06 May 2009
Commons
Committee stage
12 May 2009
Commons
Committee stage
19 May 2009
Commons
Report stage
07 Jul 2009
Commons
3rd reading
08 Jul 2009
Lords
1st reading
08 Jul 2009
Lords
2nd reading
20 Jul 2009
—
Royal Assent
21 Jul 2009
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