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registered interest false more like this
date remove filter
answering body
Scotland Office more like this
answering dept id 2 more like this
answering dept short name Scotland more like this
answering dept sort name Scotland more like this
hansard heading Scottish Parliament: Finance more like this
house id 1 more like this
legislature
25259
pref label House of Commons more like this
question text To ask the Secretary of State for Scotland, what the planned timeframe is for the introduction of new financial arrangements for the Scottish Parliament agreed in the Scotland Act 2016. more like this
tabling member constituency Hendon more like this
tabling member printed
Dr Matthew Offord more like this
uin 2732 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2017-07-11more like thismore than 2017-07-11
answer text <p>The financial arrangements for the Scotland Act 2016 are set out in the Fiscal Framework Agreement agreed between the UK and Scottish Governments during the passage of the Scotland Bill. A copy of the Fiscal Framework was placed in the library of the House on the 25 February 2016.</p><p> </p><p>The Fiscal Framework sets out the timeframe for introduction of the new financial arrangements. The transfer of these significant financial powers to the Scottish Parliament is already underway and a number of the associated powers have already been fully implemented, these include:</p><p> </p><ul><li>The full devolution of income tax rates and bands and thresholds for non-savings and non-dividend income which was delivered in<strong> April 2017</strong>;</li><li>Revenues from courts and tribunals in Scotland are now retained by the Scottish Government as of <strong>April 2017</strong>;</li><li>Enhanced borrowing powers came into force for the <strong>2017-2018 financial year.</strong></li></ul><p> </p><p>The remaining aspects of the Fiscal Framework will be taken forward in line with the timetable set out in the Fiscal Framework Agreement.</p><p><strong> </strong></p>
answering member constituency Dumfriesshire, Clydesdale and Tweeddale more like this
answering member printed David Mundell more like this
question first answered
less than 2017-07-11T11:25:11.927Zmore like thismore than 2017-07-11T11:25:11.927Z
answering member
1512
label Biography information for David Mundell more like this
tabling member
4006
label Biography information for Dr Matthew Offord more like this