Scottish Parliament to consider using income tax powers

Scottish Parliament to consider using income tax powers
 

A Holyrood committee is to consider if new powers should be used to raise or lower income tax in Scotland.
MSPs on the Finance Committee will look at what the Scottish rate of income tax (SRIT) should be set at when it comes into effect next year.
In addition, they will also consider if companies and individuals are prepared for the introduction of the new levy in April.
The change will see the UK Treasury deduct 10p from standard and upper rates of income tax in Scotland, with MSPs given the power to decide how to raise cash.
The new powers, which are part of the 2012 Scotland Act, will... read more

 
30 May 2015 in Politics, Views: 38
Source: Scotsman
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