Scotland’s deputy first minister John Swinney has confirmed that Scotland’s new tax agency is ready to start operations from 1 April 2015. Revenue Scotland, the body set up to administer devolved taxes from April 2015, is consulting on the use of a charter to setting out the standards of behaviour and values expected of both taxpayers and Revenue Scotland. Comments are invited by 6 March 2015. The intention is to publish a final charter by 1 April 2015. The charter will also be laid before the Scottish Parliament.
HMRC has published guidance on the Scotland Act 2012, which gives the Scottish parliament the power to set the Scottish rate of income tax to be administered by HMRC for Scottish taxpayers from April 2016. The Act also fully devolves the power to raise taxes on land transactions and on waste disposal to landfill, expected to apply from April 2015. The guidance also contains FAQs on income tax, SDLT, LBTT and Scottish landfill tax queries. Guidance on one of the key aspects of the devolution of taxation power to Holyrood and the definition of ‘Scottish taxpayer’ will be published at a later date.
Several Scottish tax regulations have also been published:
The Revenue Scotland (First Planning Period) Order, SSI 2015/16, which comes into force on 1 April 2015, provides for Revenue Scotland’s first corporate plan to cover the period from 1 June 2015 to 31 March 2018. Subsequent corporate plans will run for three-year periods starting from 1 April 2018.
The Landfill Tax (Scotland) Act 2014 (Commencement No. 2) Order, SSI 2015/17, has been laid before the Scottish Parliament. This order appoints 16 February 2015 as the commencement date for the remainder of section 37 (registration of unincorporated body or body corporate carrying on a business in several divisions) and section 38 (groups of companies) of the Landfill Tax (Scotland) Act 2014.
The Revenue Scotland and Tax Powers Act 2014 (Commencement No. 3) Order, SSI 2015/18, has also been laid before the Scottish Parliament. This order appoints 16 February 2015 as the commencement date for a group of provisions relating to landfill tax penalties and appeals in Scotland. Provisions allowing the appointment of a president of the Scottish Tax Tribunals come into force on 24 February 2015.
The draft Land and Buildings Transaction Tax (Sub-sale Development Relief and Multiple Dwellings Relief) (Scotland) Order, SSI 2015/Draft, would introduce a new sub-sale development relief from LBTT with effect from 1 April 2015 and ensure that multiple dwellings relief applies only to the acquisition of multiple dwellings, not multiple dwellings and other property.
Scotland’s deputy first minister John Swinney has confirmed that Scotland’s new tax agency is ready to start operations from 1 April 2015. Revenue Scotland, the body set up to administer devolved taxes from April 2015, is consulting on the use of a charter to setting out the standards of behaviour and values expected of both taxpayers and Revenue Scotland. Comments are invited by 6 March 2015. The intention is to publish a final charter by 1 April 2015. The charter will also be laid before the Scottish Parliament.
HMRC has published guidance on the Scotland Act 2012, which gives the Scottish parliament the power to set the Scottish rate of income tax to be administered by HMRC for Scottish taxpayers from April 2016. The Act also fully devolves the power to raise taxes on land transactions and on waste disposal to landfill, expected to apply from April 2015. The guidance also contains FAQs on income tax, SDLT, LBTT and Scottish landfill tax queries. Guidance on one of the key aspects of the devolution of taxation power to Holyrood and the definition of ‘Scottish taxpayer’ will be published at a later date.
Several Scottish tax regulations have also been published:
The Revenue Scotland (First Planning Period) Order, SSI 2015/16, which comes into force on 1 April 2015, provides for Revenue Scotland’s first corporate plan to cover the period from 1 June 2015 to 31 March 2018. Subsequent corporate plans will run for three-year periods starting from 1 April 2018.
The Landfill Tax (Scotland) Act 2014 (Commencement No. 2) Order, SSI 2015/17, has been laid before the Scottish Parliament. This order appoints 16 February 2015 as the commencement date for the remainder of section 37 (registration of unincorporated body or body corporate carrying on a business in several divisions) and section 38 (groups of companies) of the Landfill Tax (Scotland) Act 2014.
The Revenue Scotland and Tax Powers Act 2014 (Commencement No. 3) Order, SSI 2015/18, has also been laid before the Scottish Parliament. This order appoints 16 February 2015 as the commencement date for a group of provisions relating to landfill tax penalties and appeals in Scotland. Provisions allowing the appointment of a president of the Scottish Tax Tribunals come into force on 24 February 2015.
The draft Land and Buildings Transaction Tax (Sub-sale Development Relief and Multiple Dwellings Relief) (Scotland) Order, SSI 2015/Draft, would introduce a new sub-sale development relief from LBTT with effect from 1 April 2015 and ensure that multiple dwellings relief applies only to the acquisition of multiple dwellings, not multiple dwellings and other property.
