2.5 Relation between Finance Act and Other Tax Laws

The Finance Act is the annual bridge: it imposes the year's rates, duties, and some procedural changes, riding on the standing Acts. Where the Finance Act modifies a standing Act's rate, the Finance Act prevails for its year. Where it conflicts on machinery (assessment, appeal), the standing Act's scheme governs unless the Finance Act says otherwise expressly. Reading tax law therefore means reading two layers: the standing statute plus the current Finance Act.