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Finance Act 2015

Background Note

3.Section 1 of the Infrastructure Act 2015 Chapter 7 provides for the establishment of strategic highways companies to take over the functions of the Highways Agency. As an executive agency of the Department of Transport, the Highways Agency is entitled to recover the VAT it pays when purchasing certain services. This measure will ensure that strategic highways companies will similarly be entitled to recover VAT.

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Explanatory Notes

Text created by the government department responsible for the subject matter of the Act to explain what the Act sets out to achieve and to make the Act accessible to readers who are not legally qualified. Explanatory Notes were introduced in 1999 and accompany all Public Acts except Appropriation, Consolidated Fund, Finance and Consolidation Acts.

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