Corporation Tax Bill: remaining stages

26 March 2009

Members of the House of Lords discussed the principles of the Corporation Tax Bill, which rewrites the charge to corporation tax, during second reading

All remaining stages were then taken formally without debate, completing the passage of the Bill through Parliament.

This Bill is known as a "Money Bill". The House of Lords cannot amend Money Bills so committee stage, report stage and third reading are just formalities.

Royal Assent is expected to be given on 26 March, when the Bill will become law - an Act of Parliament.

Image: iStockphoto

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