Moved by
Lord Lansley
92: After Clause 10, insert the following new Clause—
“Preferential rates given unilaterally
(1) In section 32 of the Taxation (Cross-border Trade) Act 2018, subsection (3), at end insert—
“(d) the first regulations under section 10 (preferential rates given unilaterally).”
(2) In Schedule 3 to the Taxation (Cross-border Trade) Act 2018, Part 4, paragraph 2(1), at end insert—
“(c) in the case of the list in Part 2 or 3, the government of that country has committed abuses of human rights of such a character and scale that, in the view of the Secretary of State, unilateral trade preferences should be withdrawn.””
Member’s explanatory statement
This new Clause relates to the Scheme of Preferences as provided for in Section 10 and Schedule 3 of the Taxation (Cross-border Trade) Act 2018. The first sub-clause requires that the first regulations made to establish the scheme (to apply from IP Completion day) must be made by an affirmative process. The second sub-clause confers a specific power to remove a country from the list of those benefiting from unilateral trade preferences where the government of that country has committed human rights abuses.