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Deputy First Minister John Swinney gave evidence to the Devolution Committee on the fiscal framework negotiations
The first minister gave a statement on the fiscal framework negotiations and returned to announce a deal had finally been struck
The Devolution Committee gathered again to hear from Scottish Secretary David Mundell on the fiscal framework deal
Image source, BBC/Getty/PAThe Scottish and UK governments have reached a financial deal enabling new powers for Holyrood
That brings to an end Holyrood Live's coverage of a historic day at the Scottish Parliament, on 23 February 2016.
SNP MSP Mark Macdonald asks if the UK government intends to make any further amendments to the Scotland Bill.
Scottish Secretary David Mundell
Mr Mundell says the amendments that will come forward are only technical amendments.
There will be amendments as a result of the fiscal framework brought forward on Thursday, he says.
The Scottish secretary says the UK government is not minded to accept opposition amendments.
SNP MSP Linda Fabiani asks about the work programme.
Mr Mundell says the fiscal framework agreement will not make specific mention of the work programme.
Green MSP Alison Johnstone raises the issue of post-study work visas.
Mr Mundell says he is considering the issue and he will look at ways the situation can be approved.
The committee had called on the UK government to bring back post-study visas north of the border.
The visas, allowing international students to stay in Scotland to work after graduating, were dropped in 2012.
The Home Office has said there are "no plans" to bring them back, although Scottish Secretary David Mundell said he would listen to concerns.
All of Holyrood's parties support bringing back the visas.
SNP MSP Rob Gibson raises issues around the Crown Estate.
Mr Mundell says the Treasury will address these issues and there is still ongoing discussions with the Scottish government.
He says the methodology of the Crown Estate has been agreed.
Conservative MSP Alex Johnstone asks if the Scottish secretary envisages the Scottish Fiscal Commission having a role within the fiscal framework.
"We do envisage the Scottish Fiscal Commission having an important role."
He says the Scottish government have agreed to a degree of independence in the SFC and to introduce strengthening arrangements to that end.
Mr Mundell says the transfer of welfare powers will be agreed by the Joint Ministerial Group on Welfare.
SNP MSP Mark Macdonald asks about the timetable for the devolution of powers to Holyrood, once the Scotland Bill is passed.
Mr Mundell says the tax powers will be transferred in time for April 2017.
He says SRIT has laid the groundwork for a lot of the new tax powers.
SNP MSP Stewart Maxwell says the review is due to be completed by the end of 2021.
Will the two governments have to reach agreement in twelve weeks, asks the SNP MSP.
Mr Mundell says he cannot see why the government's cannot reach agreement in that time.
The Scottish secretary says "no mechanism will be imposed without agreement".
Lib Dem MSP Tavish Scott asks when the committee will see the overall agreement that has been reached.
Mr Mundell says he understands it will be available by the end of the week.
"Everything possible will be done to get it to you as expeditiously as possible."
SNP MSP Stewart Maxwell asks if it will require a joint agreement on what happens after the transition period.
Mr Mundell says the review will be informed by an independent report by 2021.
He says the two governments will jointly agree the way forward including the principle of no detriment.
Mr Crawford asks for confirmation there will be no detriment to the Scottish budget following the deal.
The Scottish secretary says: "Yes."
The ringing at Westminster finally subsides for a moment but starts again.
Committee convener Bruce Crawford asks for confirmation that at the beginning of the negotiation process that Scotland's budget would have been down by a level of detriment of £7bn and that now is zero.
Mr Mundell says he does not see it in these terms and the agreement reached is important.
The Scottish secretary says agreement is fair to Scotland and the UK.
Cue loud bell ringing at Westminster but Mr Mundell says he does not have to leave to vote.
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Mr Mundell says "the fiscal framework is fair and built to last".
Scottish Secretary David Mundell says he is extremely grateful to the committee to facilitate his evidence session by video link.
Mr Mundell say he is "delighted" an agreement has been reached on the fiscal framework.
He says he will give a statement to the House of Commons tomorrow.
Mr Crawford says he is aware Mr Mundell may have to vote in the House of Commons and at that point the session should end.
Devolution Committee convener Bruce Crawford gets us underway by introducing Scottish Secretary David Mundell, who will give evidence via video link.
The Scottish and UK governments have reached a financial deal enabling new powers for Holyrood.
Negotiations over the fiscal framework have been going on since March 2015, with a lengthy deadlock over the issue of Scotland's block grant.
Confirming a deal had been done, First Minister Nicola Sturgeon said "not a single penny" would be taken from the Scottish government's budget.
Details of the deal will be published soon so Holyrood scrutiny can begin.
Image source, ThinkstockThe deal, which is the financial basis for new powers to be devolved as part of the Scotland Bill, was settled after Chancellor George Osborne spoke to Ms Sturgeon on the phone.
He said the agreement created a "stronger Scotland in a stronger UK".
The MP told the BBC: "It delivers on the vow we made to the people of Scotland.