Charlotte Barbour and Justine Riccomini (ICAS) examine the practical issues around devolved taxation ahead of the Scottish Budget on 14 December.
Scottish taxes have been introduced on a phased basis over the last few years with the objective being one of political philosophy in order to demonstrate accountability for the Scottish Parliament and the devolution settlements. So what will the cabinet secretary for finance and the constitution have at his disposal?
Before the Scotland Act 2012 and the Scotland Act 2016 took effect ‘Scottish’ taxes were limited to council tax and business rates and in the Scotland Act 1998 that was never exercised to increase or decrease income tax by a Scottish variable rate. The land and buildings transaction tax (LBTT) and Scottish landfill tax (SLfT) were introduced in 2015. These were followed by implementation of the Scottish rate of income tax (SRIT) in 2016/17 and its...
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Charlotte Barbour and Justine Riccomini (ICAS) examine the practical issues around devolved taxation ahead of the Scottish Budget on 14 December.
Scottish taxes have been introduced on a phased basis over the last few years with the objective being one of political philosophy in order to demonstrate accountability for the Scottish Parliament and the devolution settlements. So what will the cabinet secretary for finance and the constitution have at his disposal?
Before the Scotland Act 2012 and the Scotland Act 2016 took effect ‘Scottish’ taxes were limited to council tax and business rates and in the Scotland Act 1998 that was never exercised to increase or decrease income tax by a Scottish variable rate. The land and buildings transaction tax (LBTT) and Scottish landfill tax (SLfT) were introduced in 2015. These were followed by implementation of the Scottish rate of income tax (SRIT) in 2016/17 and its...
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