Scottish autonomy could double tax burden
Treasury papers show Scottish independence would see businesses hit with £1bn tax bill
Scottish businesses could be hit with a £1bn tax bill if the country achieves
A paper drawn up in partnership with the Treasury and HM Revenue and Customs
found that tax compliance costs for Scottish business could double to more than
£1bn if a separate Scottish tax system was introduced, “as would be necessary
under fiscal autonomy or separation”.
Scottish ministers have contested the claims and believe independence would
In response, the Scottish government said in three years to 2007-08 the
country ran budget surplus worth almost £2.3bn, compared to a £24bn deficit for
“These assertions about fiscal autonomy and independence are totally
unfounded,” said the spokesman.
Read the full story:
‘to cost firms £1bn’