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Hammond pressed to halve air passenger duty
Chancellor Philip Hammond could steal a march on Holyrood’s plans to cut the cost of air travel by slashing a key tax. MPs are urging the Westminster government to halve air passenger duty in next...
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Mackay deal with Greens ensures tax rise
Derek Mackay (photo by Terry Murden) The Scottish Government has confirmed that all income tax rates will be frozen next year which means the higher rate threshold will not rise in line with changes in...
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Moving Budget ‘lacks consideration’ for Scotland
Bruce Crawford: timing (photo by Terry Murden) Call for more time Philip Hammond’s decision to move the Budget to November will leave the Scottish parliament little time to prepare its own financial...
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Peers call for further delay to digital tax plan
Government plans to force millions of small companies and self-employed workers to publish regular digital returns should be delayed until 2020, according to a committee of peers. The House of Lords...
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Rents may rise as landlords face tax hit
Many of Scotland’s landlords in the private letting sector will need to raise rents to cope with the effects of a new taxation regime. The warning comes from property managers, DJ Alexander, following...
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Holyrood ‘needs greater scrutiny of tax powers’
Tax professionals are calling on the Scottish Parliament to set up a committee focused exclusively on scrutinising the country’s devolved tax powers. The recommendation was made by the Chartered...
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McDonnell’s tax grab to open new border battle
Labour’s plan to raise taxes on those earning more than £80,000 is likely to re-open issues over staff facing differential tax demands north and south of the border. Shadow chancellor John McDonnell’s...
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Swinney’s land tax ‘stifling property market’
Further evidence has emerged that the Scottish Government’s replacement for stamp duty is holding back the property market and the ability of firms to attract senior executives from south of the...
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Pensions and tax: what’s in it for voters?
The big take-away from the party manifestos is how differently they are approaching the “grey vote”. Theresa May clearly believes her double-digit lead in all the opinion polls means the...
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Small firms relief as digital tax plan delayed
Small businesses and landlords were given extra breathing space today when the Treasury announced a delay to the new digital system for keeping tax records. Some of the smallest businesses will be able...
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Business leaders show support for 1p income tax rise
Tax rates will be determined in December (photo by Terry Murden) A snapshot poll of business leaders has revealed some support for an increase in the basic rate of income tax. Almost half (42%) of...
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Sturgeon ‘softening ground for income tax rise’
Nicola Sturgeon: FSB says she is softening the ground for an income tax rise (pic: Terry Murden) First Minister Nicola Sturgeon has dropped strong hints that the Scottish government will raise income...
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Raising top rate of tax may hit revenue, says economist
Income taxes will be fixed on Thursday (photo by Terry Murden) Raising the top rate of income tax from 45p to 50p may lead to a loss of revenue for the Scottish government, according to its chief...
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SNP accused of reversing pledges to lower tax
Derek Mackay: argues that ‘Scots will pay less tax’ (photo by Terry Murden) The Scottish Tories claim today that senior members of the SNP have spoken on 20 occasions about the benefits of cutting tax...
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Expert questions value of income tax changes
Tax changes come into effect from Friday but questions have been asked Scotland’s new tax regime kicks in to effect tomorrow with one expert questioning whether the added complexity and modest sums...
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Labour urges tax reform as super rich income rockets
Income is on the rise for the top 1% Labour is calling for further tax reform after revealing data showing how the income of the super rich has almost doubled in just five years. The income of...
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Care ISA ‘would only benefit wealthy’, say critics
A new ‘Care Isa’ that allows people to ringfence some of their savings from inheritance tax will only benefit the wealthy, say critics of the proposal. The Treasury has been reviewing plans to include...
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Chancellor under attack for ditching tax cut pledge
Philip Hammond: reversing policy pledge A plan to cut national insurance payments for the self-employed has been scrapped by Chancellor Philip Hammond. The Government has announced that...
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Mackay likely to miss property sales tax target
Derek Mackay: facing difficulties (pic: Terry Murden) Scottish Finance Secretary Derek Mackay is likely to miss his target for raising tax from property after new figures reveal that income from...
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Tax advisers pounce to offer R&D relief to Scots firms
Taxing issue: more advice on offer New data on tax relief for research and development has triggered a wave of interest from specialist tax advisers encouraging firms to take advantage of the cash...
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