UK Enacts Finance (No. 2) Act 2024 Including Certain Measures of the Spring Budget 2024
The UK has published the Finance (No. 2) Act 2024, which received royal assent (was enacted) on 24 May 2024. The Act provides for the implementation of certain measures announced as part of the Spring Budget 2024. Some of the main measures include the following:
- An Energy Security Investment Mechanism is introduced to provide that the Energy Profits Levy (EPL) will end early if the average pr…