Tax hike threat to Scottish businesses
30 Jul 2010, David Jetuah, AccountancyAge
http://www.accountancyage.com/aa/news/1808466/tax-hike-threat-scottish-businesses
Scotland's standing as a place to do business could be dented by plans to arm its government with tax-raising powers, a new report has said.
There is a proposal on the table which could see the tax rate in Scotland cut by 10p, then allowing the Scottish government to raise it back up to the level required.
A report entitled Conversations with Scottish Business found that 57 per cent of firms thought a two-tier tax system in the UK would have "considerable impact " in cost, administration and time, the Daily Express reported.
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Visitor comments
What about PAYE?
Scotland already has limited powers to vary the income tax rates under the devolution legislation. I used to work for a company that had depots in Scotland as well as England. Would we have to run separate payrolls or would Scottish PAYE be just be another deduction to be catered for? And what about our Carlisle Depot which covered Dumfreis and Galloway and took employees from both sides of the border?
Posted by: David Grain , 06 Aug 2010 | 00:00