Christopher Chope – 2016 Parliamentary Question to the HM Treasury

The below Parliamentary question was asked by Christopher Chope on 2016-04-13.

To ask Mr Chancellor of the Exchequer, whether the UK has received a guaranteed exemption from any EU Financial Transaction Tax.

Mr David Gauke

The UK is not participating in the Financial Transaction Tax (FTT) being developed by 10 EU Member States under the enhanced cooperation procedure. The tax will not therefore be implemented in the UK.

The Chancellor has been clear throughout negotiations that the UK will not hesitate to challenge the FTT at the Court of Justice of the European Union (CJEU) if it has an extraterritorial impact on non-participating Member States.