author_orbitax
Orbitax

Share This Article

UK Policy Paper Published Including Draft Legislation for Devolving Income Tax and Other Powers to Scotland.

28 January 2015

|

Proposed Changes

|

United Kingdom

On 22 January 2015, the UK Government published Scotland in the United Kingdom: An enduring settlement, a policy paper including draft legislation devolving more powers to the Scottish Parliament. Some of the key measures covered include: The Scottish Parliament will have the power to set the rates of Income Tax and the thresholds at which these are paid for the non-savings and non-dividend income of Scottish taxpayers without restriction, but the tax will continue to be collected and administered by HMRC The receipts raised in Scotland by the first 10 percentage points of the standard rate of Value Added Tax...