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Scottish fiscal framework agreement

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Further details have been confirmed with publication of the fiscal framework agreement between the UK and Scottish governments for devolution of new powers under the Scotland Bill.

·        Full devolution of income tax rates and thresholds for non-savings and non-dividend income will commence in April 2017, following introduction of the Scottish rate of income tax in April 2016.

·        Air passenger duty will be devolved in April 2018.

·        Assignment of VAT revenues will be implemented in 2019/20.


Issue: 1299
Categories: News