The Finance Bill passed the Third Reading in the House of Commons. (Division No. 93: Ayes 316, Noes 278 votes)
Summary of the Finance Bill
A Bill 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.
Progress of the Bill
This Government Bill was introduced to the House of Commons on 14 July 2015. It had its second reading on 21 July 2015. The Finance Bill completed the committee stage on 15 October 2015.
Keep up to date with all the proceedings and documentation, including amendment papers on the Finance Bill and find out how a Bill becomes an Act of Parliament.
House of Commons Library analysis
The House of Commons Library produces briefing papers to inform MPs of key issues. The papers contain factual information and a range of opinions on each subject, and aim to be politically impartial.
What happens next?
If the Bill passes all of its stages in the House of Commons it will pass to the House of Lords for consideration.
What is the report stage of a bill?
The report stage gives MPs an opportunity, on the floor of the House, to consider any further amendments (proposals for change) to a bill which has been examined in a public bill committee or on the floor of the House. There is no set time period between the end of committee stage and the start of the report stage.
What happens at report stage?
All MPs may speak and vote. For lengthy or complex bills, the debates may be spread over several days. All MPs can suggest amendments to the bill or new clauses (parts) that they think should be added.
What happens after report stage?
Report stage is usually followed immediately by debate on the bill's third reading.
What happens at third reading?
Debate on the bill is usually short, and limited to what is actually in the bill, rather than, as at second reading, what might have been included.
Amendments (proposals for change) cannot be made to a bill at a third reading in the Commons. At the end of the debate, the House decides (votes on) whether to approve the third reading of the bill.
What happens after third reading?
If the bill started in the Commons it goes to the House of Lords for its first reading.
If the bill started in the Lords it returns to the House of Lords for consideration of any amendments the Commons has made.
Watching proceedings from the public gallery
UK residents and overseas visitors can watch proceedings in the House of Commons by visiting the public gallery.
This article was produced by the Commons Digital Outreach Team. Follow the @HouseofCommons on Twitter for updates on the UK House of Commons Chamber.