Scotland promised greater tax powers if it rejects independence

by Richard Crump

More from this author

06 Aug 2014

  • Comments
Scotland and UK flags

THE LEADERS of the three main political parties have promised that Scotland will be granted new tax and legal powers if there is a no vote in the referendum on Scottish independence.

David Cameron yesterday signed a joint statement along with Ed Miliband, the Labour leader, and deputy prime minister Nick Clegg, that will give Holyrood more tax raising powers "as swiftly as possible" after next year's general election.

Scotland is already due to gain power to alter the basic rate of income tax above 10p in the pound from 2016, and to take charge of some minor taxes such as stamp duty, under the Scotland Act 2012. Control over these powers would be extended under the pledge.

The Conservatives said they would give Scotland full control of income tax. Labour would allow Holyrood to vary the basic rate of tax by 15p, while the Liberal Democrats support a system that would hand fiscal powers to the Scottish parliament.

The declaration was signed ahead of yesterday's TV debate between Scottish first minister Alex Salmond and Alistair Darling, the former Labour chancellor who heads the Better Together campaign.

"We support a strong Scottish Parliament in a strong United Kingdom and we support the further strengthening of the Parliament's powers," the declaration stated.

Visitor comments

blog comments powered by Disqus

Add your comment

We won't publish your address

By submitting a comment you agree to abide by our Terms & Conditions

Your comment will be moderated before publication

  • Send

Charterhouse Accountants

Finance Officer

Charterhouse Accountants, Beaconsfield, Permanent, Full Time, £ Competitive




Get the latest financial news sent directly to your inbox

  • Best Practice
  • Business
  • Daily Newsletter
  • Essentials


Search for jobs
Click to search our database of all the latest accountancy roles

Create a profile
Click to set up your profile and let the best recruiters find you

Jobs by email
Sign up to receive regular updates with the latest roles suitable for you



Why budgeting fails: One management system is not enough

If budgeting is to have any value at all, it needs a radical overhaul. In today's dynamic marketplace, budgeting can no longer serve as a company's only management system; it must integrate with and support dedicated strategy management systems, process improvement systems, and the like. In this paper, Professor Peter Horvath and Dr Ralf Sauter present what's wrong with the current approach to budgeting and how to fix it.


iXBRL: Taking stock. Looking forward

In this white paper CCH provide checklists to help accountants and finance professionals both in practice and in business examine these issues and make plans. Also includes a case study of a large commercial organisation working through the first year of mandatory iXBRL filing.