ARTICLE · 10 JUNE 2015

Weekly Tax Update - June 1, 2015

Smith & Williamson

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The Scotland Bill, published on the first day of the new Parliament, is due to turn the all-party Smith Agreement into legislation, with further devolvement to the Scottish Parliament.

United KingdomTax

Smith & Williamson

1 General news

1.1 Queen's speech

Among the measures noted in the Queen's speech were the following concerning tax: Legislation will be brought forward to ensure people working 30 hours a week on the National Minimum Wage do not pay income tax, and to ensure there are no rises in Income Tax rates, Value Added Tax or National Insurance for the next 5 years.

www.gov.uk/government/speeches/queens-speech-2015

www.gov.uk/government/uploads/system/uploads/attachment_data/file/430149/QS_lobby_pack_FINAL_NEW_2.pdf

1.2 Scotland Bill published

The Scotland Bill, published on the first day of the new Parliament, is due to turn the all-party Smith Agreement into legislation, with further devolvement to the Scottish Parliament. It covers substantial new tax powers, in addition to measures around new welfare powers, including benefits for carers and disabled people together with cold weather payments and winter fuel payments.

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