Leaving the EU: Economic Impact of Proposed Deal
Debate between Mel Stride and Mark Francois(5 years, 2 months ago)
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Mel Stride
The analysis shows that in all the scenarios being considered, including no deal, a deal based on the 2018 White Paper will give a better result for our economy for every sector, for every region and for every country—including Scotland—of the United Kingdom.
Mr Mark Francois (Rayleigh and Wickford) (Con)
As the Chairman of the Select Committee on Exiting the European Union said, today is D minus 37, so in some five weeks from today we will have honoured the wishes of 17.4 million UK citizens and left the European Union. Military veterans living in Cyprus will also be affected by some of these changes, not least because we recently signed a double taxation treaty with the Cypriot Government. The Minister personally intervened in that negotiation, to allow a five-year transition period for military veterans receiving state pensions to have longer to adjust. He played a blinder and honoured the covenant, and on their behalf I thank him today for everything he did to look after them.
Mel Stride
I sincerely thank my right hon. Friend for his extremely kind words. As ever, he is too modest. It was not my effort alone that secured the result that we achieved for those very important veterans in Cyprus—he raised the issue, brought it to my attention in Committee, and worked hard with me to make sure that we achieved the right, just and desired outcome.
Treasury
Debate between Mel Stride and Mark Francois(5 years, 9 months ago)
Ministerial CorrectionsRead Full debate Read Hansard Text Read Debate Ministerial Extracts
Mr Mark Francois (Rayleigh and Wickford) (Con)
My first specific question is, assuming that the tax treaty comes into force fairly shortly, in what tax year would the new arrangements arise? In other words, would these veterans be charged at the new rate of 20% or more in the current tax year—2018-19—or would it only cut in, as it were, in a full tax year, in 2019-20? For anybody who is looking to plan, that is an important piece of information that, understandably, they want to know.
Mel Stride
My right hon. Friend asked in which tax year the measures would kick in, and the answer is in 2019-20 at the earliest.
[Official Report, First Delegated Legislation Committee, 18 June 2018, c. 8.]
Letter of correction from Mel Stride:
An error has been identified in my response to my right hon. Friend the Member for Rayleigh and Wickford (Mr Francois).
The correct response should have been: