Scottish tax system: Complex and expensive

Designing a tax system for an independent Scotland would be “complex and expensive”, the Institute of Chartered Accountants of Scotland has said.

The claim came after the Scottish Government published a recent consultation on the proposed Scottish land and buildings transaction tax.

The Scottish Parliament will have new financial powers from April 2015 over taxes on land and property transactions and on disposal to landfill. The land-tax consultation - the first of three dealing with devolved tax powers - is focused on introducing a land and property tax to replace the current UK Stamp Duty Land Tax (SDLT) system.

Key proposed changes are:

Continued...

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Comments

This is getting ridiculous

ThornyIssues | | Permalink

We want a simplified tax system, not even more pages added to Tolley's!!! This on top of HMRC saying that setting up for just devolved tax varying powers will cost £45M - yes, you did read £45M -  with annual running costs of £4.5M, is simply ridiculous to say the least.

 

A drop in the ocean

kjmcculloch | | Permalink

when you compare it to the £350m being spent on the groundwork to replace trident that may never even happen.

Scotland should implement tax simplification from the word go!

gsgordon | | Permalink

What the government of an independent Scotland should do is respond to the comments in "NAO exposes HMRC tax avoidance failure" - www.accountingweb.co.uk/article/nao-exposes-hmrc-tax-avoidance-failure/534132.

In other words, have their own tax system and go for massive tax simplification, which the UK authorities will never do.

I wish

Mallock | | Permalink

gsgordon wrote:

What the government of an independent Scotland should do is respond to the comments in "NAO exposes HMRC tax avoidance failure" - www.accountingweb.co.uk/article/nao-exposes-hmrc-tax-avoidance-failure/534132.

In other words, have their own tax system and go for massive tax simplification, which the UK authorities will never do.

 

If only we could believe that Politicians would actually do something sensible!

Don't forget Wales

hiu612 | | Permalink

Where Scotland leads, Wales so often follows and the Silk Commission has just published a paper suggesting a referendum on the question of Wales setting its own tax rates. . .

and where there is a funding shortfall ..

JC | | Permalink

from the new tax regimes - who picks up the shortfall

or is the intention to make Scotland etc. self sufficient from their own taxes so that there will be no call on Westminster

Don't even go there    1 thanks

ThornyIssues | | Permalink

JC wrote:

from the new tax regimes - who picks up the shortfall

or is the intention to make Scotland etc. self sufficient from their own taxes so that there will be no call on Westminster

You Sir obviously believe the lies and spin emanating  from that place.