Share on LinkedInShare on LinkedIn

ARTICLE · 18 DECEMBER 2017

The First Full Scottish Budget?

Brodies LLP
Brodies LLP
Contributor
Brodies LLP

Brodies LLP

Brodies LLP is a prominent UK law firm, headquartered in Scotland, that provides expert advice to...

View firm profile
Explore more from Brodies LLP

...or, as we were repeatedly told, the draft Scottish Budget, for 2018-19. The Scottish Government will still need to find sufficient additional political support to get its Budget through the Holyrood Parliament.

United KingdomTax
Alan Barr
Alan Barr
Isobel D'Inverno
Isobel D'Inverno
Heather Thompson
Heather Thompson
Neil Ritchie
Neil Ritchie
Heather Gibson
Heather Gibson
Bob Langridge
Bob Langridge
Alan Eccles
Alan Eccles

...or, as we were repeatedly told, the draft Scottish Budget, for 2018-19. The Scottish Government will still need to find sufficient additional political support to get its Budget through the Holyrood Parliament. There is a great deal to get through; and support for some aspects may demand changes in others. So what we have been told thus far may not be the end of the story.

You'll find in this article anaylsis on: Scottish income tax rates; LBTT; Non-domestic (Business) rates; Landfill Tax; Air Departure Tax; and Aggregates levy.

As was telegraphed well in advance, this was always likely to be the first time that the Scottish Government utilised its powers to vary income tax for the earned (and property) income of Scottish taxpayers. As such, on the tax front, it was a much more comprehensive event than in previous years.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

Register for freeORLog in

View source

Related Articles

Legal Intelligence Newsletters: sign up for the latest legal and regulatory news on your chosen topics

Read more about

Related Comparative Guides

See more popular content from

Article

Frequently Asked Questions About IRS Clearance And Form 706-NA

UK executors and beneficiaries dealing with US assets face significant delays in obtaining IRS Transfer Certificates, with waiting times now extending to two or three years. This comprehensive FAQ addresses the critical questions surrounding Form 706-NA applications, US estate tax requirements, and the practical challenges of administering estates containing US shares and investments when the deceased was not a US citizen.
GlobalTax
Lester Aldridge LLP
Lester Aldridge LLP
Article

Tribunal Limits HMRC's Schedule 36 Powers In Transfer Pricing Case

When HMRC issued an information notice demanding a UK subsidiary's US parent company financial statements in a transfer pricing enquiry, the First-tier Tribunal had to determine whether such documents were reasonably required and whether the subsidiary had the power to obtain them. The case examines the boundaries of HMRC's information-gathering powers and the practical limits of corporate group relationships.
European UnionTax
RPC
RPC
Article

UK ‘Windfall’ Bank Tax Would Worsen An Already Complex System

UK banks face the prospect of a new windfall tax as campaigners push for additional levies on strong reported profits, while industry leaders warn of potential consequences for lending, investment, and the UK's position as a global financial centre. This analysis examines the practical implications of adding another layer to an already complex sector-specific tax regime that includes corporation tax, banking surcharge, and bank levy.
United KingdomTax
RPC
RPC
Article

Transfer Pricing Enquiries: HMRC’s Approach And Recent Cases

Transfer pricing litigation in the UK has historically been rare, but recent procedural cases reveal HMRC's increasingly aggressive approach to enquiries. With average enquiry durations now exceeding 40 months and transfer pricing yield surging to £3.4bn, understanding the legal boundaries of information requests and closure notice applications has become critical for multinational groups facing contentious disputes.
United KingdomTax
Macfarlanes LLP
Macfarlanes LLP
Article

The DMCCA: Subscription Contracts - The Timeline Just Got Shorter

The UK Government has accelerated the implementation timeline for new subscription contract laws under the Digital Markets, Competition and Consumers Act 2024, moving the enforcement date from Spring 2027 to January 2027. This change significantly reduces the preparation window for businesses offering subscription services, requiring urgent review of sign-up processes, renewal notifications, and cancellation systems to ensure compliance with the new consumer protection regime.
United KingdomConsumer Protection
Brodies LLP
Brodies LLP