The Revenue Scotland and Tax Powers Bill received royal assent on 24 September 2014. This Act is the third of three related Acts; the first two Acts introduced land and buildings transaction tax (LBTT) and Scottish landfill tax.
Chris Lallemand (Smith & Williamson) discusses some contrasts between the UK implementing legislation for the UK/US IGA, equivalent US regulations and HMRC’s guidance
The budget deficit should be falling fast as growth accelerates, but it is not – and government tax policy may be to blame, reports David Smith
Bill Dodwell and John Macintosh (Deloitte) examine the further devolution of tax powers to Scotland.
The Public and Commercial Services (PCS) Union has released its report into the UK tax gap for 2013/14, which it estimates at £119.4bn in total.
Tax advisers have warned that despite Scotland voting ‘no’ in its historic referendum for independence last week, ‘don’t underestimate how much Scottish taxes are going to change regardless of the “no” vote’.
Former HMRC impact assessment programme manager Wendy Bradley raises concerns over the direct recovery of debts (DRD) consultation process.
Sara Luder (Slaughter and May) explains why politicians should think carefully about the consequences of proposed tax changes
Will the ‘no’ campaign tax proposals for Scotland influence the referendum, asks George Bull, senior tax partner, Baker Tilly
To tax relieve or not to tax relieve, that is the question, writes Chris Sanger, global head of tax policy, EY