On 10th April, the House of Lords published a report on its scrutiny of the International Agreement on Taxation and the Protection of Financial Interests Between the UK and Spain regarding Gibraltar [CP 72]. The Agreement is the first international agreement signed by the UK and Spain over Gibraltar since the Treaty of Utrecht in 1713. It does not ‘roll over’ a prior EU international agreement. Instead, it is a new agreement that commits Gibraltar to align with EU law on matters related to transparency, administrative co-operation, harmful tax practices and Anti-Money Laundering after Brexit. It also provides rules for resolving conflicts over tax residency between Spain and Gibraltar. The Committee says that the Agreement is politically important and gives rise to issues of public policy that the House may wish to debate prior to ratification.