We received a total of 237 responses of which only 23 (10%) people said Yes and an overwhelming 214 (90%) said No.
Since then the proposed rate for SRIT has been announced and letters have been issued to Scottish taxpayers, guidance has been published on GOV.UK and tax coding notices for 2016/17 are being issued by HMRC and so this brief survey is looking to establish where employers and payroll professionals are as regards to their awareness and readiness to incorporate the Scottish Rate of Income Tax in to their day to day work?
This survey will run until 5 February 2016 and will take approximately 5 minutes to complete?
Thank you in advance for sharing your experience and your valuable time.
Pension schemes newsletter 75: Scottish rate of Income Tax (SRIT) 2 February 2016
The Scottish rate was announced by the Scottish Government on 16 December 2015 as 10% which means for the 2016 to 2017 tax year Scottish Taxpayers will pay the same overall rate as the rest of the UK (RoUK).
The Pension schemes newsletter 75 published in January 2016, confirms that Scheme administrators operating PAYE must still ensure the S tax codes are applied via RTI for Scottish Taxpayers. HMRC will issue the relevant S tax codes via the annual P9 or daily P6 coding runs, as now, for all other tax codes.
Historic new Scotland funding deal agreed 29 February 2016
The UK and Scottish Governments have agreed a deal for the Scottish Parliament which will mean the implementation of the Smith Commission in full, giving unprecedented new powers for Scotland.
A new funding deal has been agreed following ten rounds of negotiations, involving the Prime Minister, Chancellor and Chief Secretary to the Treasury, the UK and Scottish Governments. It means that the UK Government is implementing the recommendations of the Smith Commission in full, delivering the cross-party ‘Vow’ which will mean unprecedented new powers for Scotland.
This historic deal means that:
the Scottish Government will fund more than half of its spending from Scottish taxes, so its funding will be more closely linked to its policy decisions and Scottish economic performance Scotland will not receive a penny less than Barnett as a result of population change the Scottish Government will get £200 million to implement the new powers a review in the next Parliament will make ensure the deal agreed is still delivering against all the Smith principles.
The details underpinning the deal are set out in the Agreement which has been confirmed by the UK and Scottish Governments .
The final step will come once the Scotland Bill passes through Parliament later in the spring.
The agreement confirms that when the Scottish Rate of Income Tax comes into effect from April 2016, it will operate for one transitional year. Full devolution of income tax rates and thresholds for non-savings and non- dividend income will therefore commence in April 2017 where the Scottish Parliament will be given the power to set their own rates and bands.
Awareness of Scottish Rate of Income Tax 7 March 2016
CIPP Policy News Journal
25/04/2016, Page 413 of 453
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