Finance Act 2007

Key Points

• Originated in the House of Commons and followed the normal stages through committees and reports in both Houses.
• Completed all parliamentary stages and received Royal Assent on 19 July 2007, becoming the Finance Act 2007.
• Covers economy/finance measures and implications for taxation and public finances.
• Lords scrutiny included a committee stage that was negatived, before overall passage and assent.

Progress

The bill has completed its journey through Parliament and is now law, having received Royal Assent on 19 July 2007 after passing both Houses.

Voting

Two recorded votes in 2018 on related Finance Bill provisions show mixed party positions, with the first vote passing 304–279 and a subsequent amendment defeated 279–302, indicating cross-party support and opposition rather than a uniform party line.