Draft Double Taxation Relief and International Tax Enforcement (Belarus) (Revocation) Order 2025 Draft Double Taxation Relief (Russian Federation) (Revocation) Order 2025 Debate
Full Debate: Read Full DebateClive Jones
Main Page: Clive Jones (Liberal Democrat - Wokingham)Department Debates - View all Clive Jones's debates with the HM Treasury
(2 days, 4 hours ago)
General CommitteesIt is a pleasure to serve under your chairship, Dr Huq. I thank the Minister for his remarks. I will briefly set out the Liberal Democrat view on this statutory instrument.
Revoking double taxation relief for Belarus and Russia is the right thing to do. They reneged on their treaty obligations to the UK, so it is only correct that we cancel the treaty. However, it is a bit surprising and concerning that it has taken so long for the Government to reach this decision.
Russia suspended its implementation of the treaty in August 2023, so the previous Conservative Government should have acted with urgency to revoke the treaty in response, particularly in the wider context of Russia’s illegal and brutal invasion of Ukraine, which is supported by Belarus. It was a mistake not to act sooner, so can the Minister assure us that equivalent SIs will not take so long to be implemented by this Government?