London: +44 (0)20 7236 2601
St Albans: +44 (0)1727 869141
Rickmansworth: +44 (0) 1923 771010
Milton Keynes: +44 (0)1908 605552

Scots plan separate tax agency

The Scottish government has announced its intention to set up a separate Revenue Scotland agency after HMRC highlighted practical issues on the devolution of tax-raising powers.

Apparently lower corporate and personal tax rates are a key part of Scottish Nationalist first minister’s Alex Salmond’s economic policy, and his preference is to set up a separate tax body to administer tax collection.

The problems on determining residence and liability would be interesting, or challenging, depending on your view.

 

 

Date: 6th July, 2012
Author: Cathy Corns

SHARE THIS

Articles from this Author

Contact Business Service Partners

Choose from the drop down menu below to select a Partner to contact.

Tweet

#Farming trading as a #partnership potential #tax pitfalls and tips @mercerhole Phil Fenn insight shar.es/1SHZhc @accountancylive

The Repeal Bill—how great is it for R&I professionals? Thoughts from @ChrisLaughton01 @mercerhole: go.shr.lc/2vVF8lf

Follow

LinkedIn

For the latest Mercer & Hole news, visit our LinkedIn page mercer-&-hole

Click here to follow us on LinkedIn