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The role of income tax in Scotland's budget

The role of income tax in Scotland's budget...oh good lord please can I retire NOW!?

Well it is just a discussion paper for 2018-19 but my did my heart sink on skimming it!!

In the suggestions on different band structures they do say "We acknowledge that if proposals to change tax bands are brought forward it will be important to engage extensively with HMRC to minimise any change in the administrative burden on self-assessment taxpayers and on business. The efficiency of the tax system is, therefore, something which we will consider in the upcoming debate." but given the farago of the HMRC tax computation this year and numerous exclusion cases who cannot see an even bigger monster looming on the horizon?

https://beta.gov.scot/publications/role-income-tax-scotlands-budget/page...

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03rd Nov 2017 09:13

Why stop at 6 tax bands - surely 10 is a nice round number.

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03rd Nov 2017 10:15

6 bands! What a load of [***]! Most of my clients are Scottish taxpayers as well....

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By Mr_awol
03rd Nov 2017 10:22

Presumably they will want rUK to fund the administrative burden of this via central/HMRC funding - with no reduction of the Barnett subsidy of course.

Surely, with north sea oil loss making or barely breaking even, now is an ideal time to repeal all this devolution nonsense, turn Hollyrood into flats and tell Sturgeon that she can either 'do a Puigdemont' or [***] off back to Queenzieburn.

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03rd Nov 2017 10:49

Oh my god one option is a tax system with six bands. And if the system works as it currently does then those will apply to trading/employment/pension/property income but then we'll have the English bands for divis and savings.

The age of the pen and paper quickie tax comp is dead. Just remembering the bands will be near impossible.

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03rd Nov 2017 11:24

I disengaged all my Scottish clients (not too many) last year. No problem.

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By Mr_awol
to meadowsaw227
03rd Nov 2017 13:16

meadowsaw227 wrote:

I disengaged all my Scottish clients (not too many) last year. No problem.

Debtor days fallen since...............?

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to Mr_awol
03rd Nov 2017 17:16

RACIST!

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By Mr_awol
to ireallyshouldknowthisbut
06th Nov 2017 13:06

ireallyshouldknowthisbut wrote:

RACIST!

Dinnae be a wee clipe

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By DJKL
to Mr_awol
03rd Nov 2017 21:43

Response
Seez youse , ya bampot, yere a scunner so yas are, ye ken, ye dinnae wanna mess, likesay, weeze oop ere can aw haud a grudge for a lang, lang time, ya ken.

Translation
I say old chap, you are behaving slightly off, frankly sir that was a bit non U , that sort of behaviour could see a chap blackballed.

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By Mr_awol
to DJKL
06th Nov 2017 13:09

DJKL wrote:

Translation
I say old chap, you are behaving slightly off, frankly sir that was a bit non U , that sort of behaviour could see a chap blackballed.

Deepest apologies old bean.....

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03rd Nov 2017 17:16

Its ok folks, the computer will work it all out.........

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to ireallyshouldknowthisbut
03rd Nov 2017 21:12

...plus of course the panacea of MTD ;)

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By DJKL
03rd Nov 2017 21:46

I see this a a big plus, I will now be able, without lying, to have:

DJKL, Accountants
International Tax a Speciality

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