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Scottish government sets out tax priorities

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The Scottish government has published a guide, Scotland’s future: Your guide to an independent Scotland, which sets out ‘the gains of independence for Scotland’ in advance of the independence referendum in 2014. The report details the tax priorities for the first session of an independent Scottish Parliament. These include:

  • an increase in the personal tax allowance, benefits and tax credits, in line with inflation;
  • a reduction in the rate of corporation tax (by up to three percentage points);
  • a reduction in the rate of air passenger duty by 50%;
  • a withdrawal of the current UK proposals for a married couples tax allowance; and
  • designing a more efficient tax system based on simplicity, neutrality, stability and flexibility.