Property News · November 25, 2017

Scots should mind the tax gap: it’s getting wider from the rest of the UK


With increased powers, Scotland is setting its own rules. But will it continue to go it alone or follow Hammond’s lead?The potential gap in the differing amounts of income tax paid north and south of the Scottish border has grown substantially this week, after the chancellor raised the threshold at which 40% tax is levied – for those in England and Wales at least.Since the start of this tax year, the Scottish government has had beefed-up powers to set some of its own income tax rates through its devolved powers. Continue reading…

Source : theguardian.com
Read more…Scots should mind the tax gap: it’s getting wider from the rest of the UK

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