A Bill to make provision in connection with finance.
House of Commons
Rachel ReevesLabour (Co-op)
13 March 2026
May contain errors — check source documents for definitive information.
The Finance (No. 2) Bill is a package of tax and revenue measures intended to raise money and modernise rules across a range of areas, including anti-avoidance powers, how HMRC can enforce and publish penalties, loan-charge rules, and targeted tax changes such as duties, exemptions and thresholds. It also contains policy decisions on topics such as vaping duty, the treatment of certain international and cross-border taxes, and adjustments to reliefs and schemes like venture capital relief. It is currently in the Lords at 3rd reading after passing the Commons, and has been the subject of extensive scrutiny with many amendments debated and either accepted or rejected.能够
The Bill moved from Commons to Lords and is now at the Lords’ 3rd reading stage. Across Committee and Report Stages in the Commons there were numerous amendments—some accepted, some defeated—reflecting broad cross-party scrutiny and attempts to shape enforcement powers, liability rules and targeted tax measures. The document trail shows Labour and other MPs proposing extensive changes, while several Conservative amendments were defeated or not carried. The next step would be Royal Assent, which was anticipated around 18 March 2026.
Voting across stages showed wide cross-party engagement with a mix of gains and defeats for amendments. The Bill passed its Third Reading in the Commons by a substantial majority, while a number of proposed amendments—such as preserving certain reliefs or extending protections for advisers—were debated and some were defeated or not pressed. In the Lords, divisions occurred on several amendments, illustrating ongoing scrutiny and debate over enforcement powers, disclosures, and technical tax provisions.
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Showing agreed, defeated, and withdrawn amendments.
Based on 53 recorded votes • Sorted by % Aye
Following agreement by both Houses on the text of the bill it received Royal Assent on 18 March. The bill is now an Act of Parliament (law).
