A Fair Work Commission and a guarantee that the minimum wage will rise at least in line with inflation; Examination of further help for small businesses, for example with national insurance costs to encourage them to create more jobs.
You can read the whole White Paper on the Scottish government website
Scottish Rate Income Tax – update
23 December 2013
(Published within HMRC stakeholder update - number 49)
Scottish rate Income Tax - update on relief at source
An update for pension scheme administrators on Scottish rate of Income Tax for relief at source on contributions to registered pension schemes by Scottish taxpayers.
Devolution of income tax in Scotland
23 April 2014
When the Scottish rate of income tax is implemented in 2016, the Scottish government has asked for the Scottish rate of income tax to be shown separately on the P60.
HMRC has provided an informal update on the latest position regarding the legislation required to give effect to some changes outlined in the HMRC Technical Note Clarifying the Scope of the Scottish rate of Income Tax (issued May 2012), and some other matters. Scottish rate of income tax – transparency The impact assessment published alongside the Scotland Bill 2010 set out that the decision on how Scottish taxpayers should be made aware of the amount of Scottish rate income tax they have paid would be made by the Scottish government. HMRC consulted the income tax technical group on options for taking this forward, and it was clear from this that employers and pension payers were likely to find it easier to accommodate a requirement to show the Scottish rate amount separately on an annual statement than to show it on regular payslips. In the light of this the Scottish government has asked for the Scottish rate to be shown separately in HMRC’s Tax Calculator, annual Tax Summary and the annual statement of income tax liability (P60), which is issued to individuals by employers after the end of the tax year showing deductions of tax and National Insurance Contributions, HMRC will consult on the specific changes required to the P60. CIPP comment During earlier consultation the CIPP recommended that as long as employees are made aware of the different rates of income tax then the S prefix tax code could be shown on the payslip and this would be sufficient for transparency. It would seem from this update that the Scottish government are looking for employers to provide more detail. The Policy team will be looking at this consultation in detail as the information for the P60 will surely have to be generated from payroll software. Scottish rate of income tax – consequential changes The Technical Note set out how HMRC intended to manage a number of consequential issues arising as a result of the Scottish rate, including the rate of relief for charitable giving and treatment of income from trusts. In preparing to legislate for these proposals, it has become clear that the Scottish rate of income tax provisions in ITA, as amended by the 2012 Act, will be complex to apply for the purposes of the measures in the Technical Note. A
CIPP Policy News Journal
08/04/2015, Page 454 of 521
Made with FlippingBook - Online magazine maker