UK Act of Parliament 2015 United Kingdom

Finance (No. 2) Act 2015

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.
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At a glance

What's here

3 compliance obligations, 1 practical guide · 1 journey

Who this Act binds

Business-side actors with duties under this Act, ranked by how often they appear.

  • Any Person 1

Plus 2 non-business duties on Crown ministers, regulators, local authorities or tribunals — shown collapsed under each section below.

Step-by-step journeys using this legislation

Walkthroughs that take you from a real business situation to compliance.

Relevant guidance

Practical guides for businesses affected by this Act, ordered by how closely they engage with it.

Supporting — topic alignment

1 guides

Other Acts binding the same actors

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Any Person also bound by 770 other Acts (top 5 shown)

What this Act requires

Sections that create concrete duties on businesses or carry penalties. Procedural and definitional sections are folded into the “Browse other sections” expander at the bottom of each group. Click any section title to read the source text on legislation.gov.uk.

Part 1 — Principal rates

s.001

Income tax lock

Other duties (1) — Crown / regulator
  • Government must not increase Income Tax rates Crown / Minister / Government department
s.002

VAT lock

Other duties (1) — Crown / regulator
  • HM Government must cap VAT rates until the next general election Crown / Minister / Government department
Browse 6 other sections in this Part — procedural / definitional / commencement

Part 2 — Inheritance tax

Browse 7 other sections in this Part — procedural / definitional / commencement

Part 3 — Banking

Browse 5 other sections in this Part — procedural / definitional / commencement

Part 4 — Income tax, corporation tax and capital gains tax

Browse 25 other sections in this Part — procedural / definitional / commencement

Part 5 — Excise duties and other taxes

Browse 4 other sections in this Part — procedural / definitional / commencement

Part 6 — Administration and enforcement

Browse 3 other sections in this Part — procedural / definitional / commencement

Part 7 — Final

Browse 2 other sections in this Part — procedural / definitional / commencement

Schedules

Browse 7 other Schedules — structural / supplementary
Read the full Act on legislation.gov.uk (opens in a new tab)

Official guidance

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