PARLIAMENTARY DEBATE
Treasury - 17 July 2018 (Commons/Written Corrections)
Debate Detail
Contributions from Sir Mel Stride, are highlighted with a yellow border.
Draft Double Taxation Relief and International Tax Enforcement (Cyprus) Order 2018
The following is an extract from the First Delegated Legislation Committee on 18 June 2018.
The following is an extract from the First Delegated Legislation Committee on 18 June 2018.
Mr Mark Francois
Rayleigh and Wickford
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:
[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:
Mel Stride
My right hon. Friend asked in which tax year the measures would kick in, and the answer is from 1 January 2019.
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