The Secretary of State for Scotland Michael Moore said:
"This is a genuinely historic day for devolution and the relationship between Scotland’s two governments and the people who elect them. The powers being handed over to the Scottish Parliament combine accountability with the ability to make big decisions for the Scottish economy on issues such as the rate of Scottish income tax.”
Read the full press release from the Scotland Office
The CIPP Policy team are part of both the High Level and Technical consultation groups. Consultation will resume later this year to move to secondary legislation which will detail exactly how Scottish income tax will work for all employers in the UK.
See the November 2011 issue of Payroll Professional (Page 10/11) for the latest developments.
SCOTLAND ACT 2012 AVAILABLE ONLINE
9 May 2012
The Scotland Act, which received Royal Assent on 1May, is now available online.
You can see the legislation as enacted here - The Scotland Act 2012.
A pdf of the Act is available here - The Scotland Act (pdf).
CLARIFYING THE SCOPE OF THE SCOTTISH RATE OF INCOME TAX
24 May 2012
Following Royal Assent of the Scotland Bill, HMRC has published a Technical Note setting out how consequential issues relating to the Scottish rate of Income Tax will be addressed.
Click here to read the Technical Note
PLANS TO CREATE A ‘SCOTTISH REVENUE’
13 June 2012
The Scottish government has announced plans to create the Scottish Revenue, which will act independently from HMRC to administer and collect certain taxes for the Scottish government.
This is set to go ahead should the Scottish public decide against full independence.
Revenue Scotland will collect the two taxes being fully devolved from April 2015, covering land transactions and waste disposal to landfill. These would replace the UK Stamp Duty Land Tax and Landfill Tax under the provisions of the Scotland Act 2012. Income tax changes will take effect gradually from 2016 and the rest of the income tax system remains controlled by Westminster, HMRC will continue to have responsibility for administering and collecting income tax. So the creation of a Scottish Revenue shouldn’t have any further impact on the payroll profession.
CIPP Policy News Journal
12/04/2013, Page 226 of 362
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