Scottish tax system: Complex and expensive

Managing Editor
AccountingWEB.co.uk
Share this content
Tags
7

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:

Please Login or Register to read the full article

Replies

Please login or register to join the discussion.

avatar
26th Nov 2012 12:00

This is getting ridiculous

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.

 

Thanks (0)
avatar
26th Nov 2012 12:17

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

Thanks (0)
avatar
26th Nov 2012 12:36

Scotland should implement tax simplification from the word go!

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.

Thanks (0)
avatar
By Mallock
26th Nov 2012 12:58

I wish

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!

Thanks (0)
avatar
By hiu612
26th Nov 2012 14:20

Don't forget Wales

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. . .

Thanks (0)
avatar
By JC
26th Nov 2012 16:56

and where there is a funding shortfall ..

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

Thanks (0)
avatar
27th Nov 2012 12:38

Don't even go there

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.

Thanks (1)