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Finance (No. 2) Act 2023

Status:

This is the original version (as it was originally enacted).

Provisional remedies

10(1)In paragraph 11 (TRA’s duty to recommend a provisional safeguarding amount or a provisional tariff rate quota)—

(a)in sub-paragraph (5) omit paragraph (b) (and the “and” at the end of paragraph (a));

(b)after sub-paragraph (8) insert—

(8A)Where the TRA makes a recommendation under sub-paragraph (3), it must advise the Secretary of State whether and why it considers that applying a provisional safeguarding amount to relevant goods, or making relevant goods subject to a provisional tariff rate quota, in accordance with the recommendation, would meet the economic interest test (see paragraph 23).

(2)In paragraph 14 (Secretary of State’s power to apply a provisional safeguarding amount)—

(a)in sub-paragraph (2), for paragraphs (a) and (b) (and the “—” before paragraph (a)) substitute “it is not in the public interest to accept it.”;

(b)after sub-paragraph (2) insert—

(2A)In considering that, the Secretary of State must have regard to the TRA’s advice on whether applying a provisional safeguard amount to relevant goods in accordance with the recommendation would meet the economic interest test (see paragraph 23).

(2B)Sub-paragraph (2C) applies if the recommendation is rejected.

(2C)If the Secretary of State considers that it is in the public interest to do so, the Secretary of State may decide that—

(a)a provisional safeguarding amount should be applied to all the relevant goods, or to specified relevant goods, other than in accordance with the recommendation, or

(b)all the relevant goods, or specified relevant goods, should be subject to a provisional tariff rate quota for a specified period.

(2D)But the Secretary of State may make a decision under sub-paragraph (2C) only if a recommendation under paragraph 11(3) to the same effect as the decision (ignoring any restrictions in paragraph 11 on the ability of the TRA to make such a recommendation) would have complied with the requirements set out in paragraph 12 or 13, as the case may be.

(2E)Where the Secretary of State makes a decision under sub-paragraph (2C), the Secretary of State—

(a)must publish notice of the decision,

(b)must notify interested parties (see paragraph 31(3)) accordingly,

(c)must lay a statement before the House of Commons setting out the reasons for making the decision, and

(d)is required under section 13 to make provision by public notice to give effect to the decision.;

(c)in sub-paragraph (3), after “rejected” insert “and the Secretary of State does not make a decision under sub-paragraph (2C)”.

(3)In paragraph 15 (Secretary of State’s power to subject goods to a provisional tariff rate quota)—

(a)in sub-paragraph (2), for paragraphs (a) and (b) (and the “—” before paragraph (a)) substitute “it is not in the public interest to accept it”;

(b)after sub-paragraph (2) insert—

(2A)In considering that, the Secretary of State must have regard to the TRA’s advice on whether applying a provisional tariff rate quota to relevant goods in accordance with the recommendation would meet the economic interest test (see paragraph 23).

(2B)Sub-paragraph (2C) applies if the recommendation is rejected.

(2C)If the Secretary of State considers that it is in the public interest to do so, the Secretary of State may decide that—

(a)all the relevant goods, or specified relevant goods, should be subject to a provisional tariff rate quota, other than in accordance with the recommendation, or

(b)a provisional safeguarding amount should be applied for a specified period to all the relevant goods or, to specified relevant goods.

(2D)But the Secretary of State may make a decision under sub-paragraph (2C) only if a recommendation under paragraph 11(3) to the same effect as the decision (ignoring any restrictions in paragraph 11 on the ability of the TRA to make such a recommendation) would have complied with the requirements set out in paragraph 12 or 13, as the case may be.

(2E)Where the Secretary of State makes a decision under sub-paragraph (2C), the Secretary of State—

(a)must publish notice of the decision,

(b)must notify interested parties (see paragraph 31(3)) accordingly,

(c)must lay a statement before the House of Commons setting out the reasons for making the decision, and

(d)is required under section 13 to make provision by public notice to give effect to the decision.;

(c)in sub-paragraph (3), after “rejected” insert “and the Secretary of State does not make a decision under sub-paragraph (2C)”.

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