Finance (No. 2) Bill: Commons stages

28 April 2017

Both the House of Commons and the House of Lords have agreed on the text of the Finance (No. 2) Bill. The Bill received Royal Assent on 27 April 2017 becoming an Act of Parliament (law).

The Finance (No. 2) Bill 2016-17

Summary of the Bill

The Finance (No. 2) Bill affects the national debt, public revenue and taxation. The Bill includes provisions for changes to income tax, a soft drinks industry levy, and more.

Keep up to date with all the proceedings and documentation, including amendment papers, on the Finance (No. 2) Bill and find out how a Bill becomes an Act of Parliament.

Finance (No. 2) Bill: Commons stages

Royal Assent

The Finance (No.2) Bill received Royal Assent on 27 April 2017, becoming an Act of Parliament (law).

Committee of the Whole House, Report and Third Reading stages

The Commons debated the Finance (No.2) Bill in its Committee of the Whole House and Remaining Stages on Tuesday 26 April 2017. 

The Bill passed all of its Commons stages and was passed to the House of Lords.

Second Reading

MPs debated the Second Reading of the Finance (No. 2) Bill on 18 April 2017.

The Finance (No. 2) Bill passed Second Reading with a division, (Division 195). MPs debated the main principles of the Bill at Second Reading.

About the Bill and the Budget

Each year the Chancellor of the Exchequer presents the Budget, which contains all the tax measures for the year ahead. The statutory provisions to give effect to these tax measures are set out in a single Bill: the annual Finance Bill.

The Budget motions which will serve as the founding resolutions for the Finance (No. 2) Bill were agreed upon by the House of Commons at the end of the Budget debate on Tuesday 14 March.

The Chancellor made a statement on Class 4 National Insurance Contributions on Wednesday 15 March, updating the House on changes to Government policy since the Budget motions were agreed.

Related information

House of Commons Library analysis

The House of Commons Library produces briefing papers to inform MPs and their staff of key issues. The papers contain factual information and a range of opinions on each subject, and aim to be politically impartial.

The Library has published a briefing paper for Second Reading.

Watching proceedings from the public gallery

UK residents and overseas visitors can watch proceedings in the House of Commons by visiting the public gallery.

Image: PA

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