What these notes do
These Explanatory Notes relate to the Finance (No. 2) Act 2015 (c. 33) which received Royal Assent on 18 November 2015.
- These Explanatory Notes have been prepared jointly by the HM Revenue & Customs and HM Treasury in order to assist the reader in understanding the Act. They do not form part of the Act and have not been endorsed by Parliament.
- These Explanatory Notes explain what each part of the Act will mean in practice; provide background information on the development of policy; and provide additional information on how the Act will affect existing legislation in this area.
- These Explanatory Notes might best be read alongside the Act. They are not, and are not intended to be, a comprehensive description of the Act.