The Smith Commission has recommended that Holyrood should take almost complete control over income tax.
Corporation tax is “remarkably volatile” and open to “manipulation”, and devolution may require a system of formulary apportionment of profits, a devolution expert has told MPs.
Further devolution of income taxes to Scotland should be implemented on a step by step basis to avoid problems in implementation and the risk of unintended consequences, the Institute of Charte
David Cameron has called for a “real debate” about tax-raising powers for Wales after he was challenged during Prime Minister’s Questions to ensure that Wales receives the same level of funding
Further devolution of taxes to Scotland will create more complexity and anti-avoidance legislation will be needed to deal with cross-border issues, tax experts have told MPs.
Politicians need to give “considerable and careful” thought to the implications of further devolution of tax powers to Scotland, a leading professional body has warned as a commission seeks agr
The three major UK political parties agree that corporation tax should not be devolved to Scotland to avoid the risk of a “race to the bottom”, the Financial Times reported this morning after t
Tax professionals have welcomed confirmation of the Scottish government’s decision to abolish the “slab system” used to fix stamp duty land tax (SDLT) rates, but observed that the land and buil
Politicians must confront “the crucial question” of how much tax competition they are willing to entertain within the UK, the Chartered Institute of Taxation has warned after the prime minister