Scottish tax plan branded ‘pie in the sky’

Scottish tax plan branded 'pie in the sky'

Local income tax would be logistic difficulty, sources at HMRC are quoted saying

Scottish nationalist plans to introduce a local income tax have been branded
‘pie in the sky’ by the taxman.

Officials at the taxman have said the plan – entailing replacing council tax
with a local income tax levy of up to 3p in the pound – is ‘pie in the sky’,
according to
the
Times
.

The paper quoted an HMRC spokesman saying officially: ‘Scottish local
government finance is a wholly devolved matter, collected by the local
authorities. HMRC has not been involved in the preparation of any proposals by
the devolved administration.’

But HMRC officials privately took a different view, according to the paper:
‘This is pie in the sky. The logistical arrangements for collecting this tax
would be incredible. Introducing changes to the personal allowance in September
took months and months and this could take even longer,’ one senior source was
quoted saying.

Further Reading:

Read
The Times story

Share

Subscribe to get your daily business insights

Resources & Whitepapers

The importance of UX in accounts payable: Often overlooked, always essential
AP

The importance of UX in accounts payable: Often overlooked, always essentia...

2m Kloo

The importance of UX in accounts payable: Often ov...

Embracing user-friendly AP systems can turn the tide, streamlining workflows, enhancing compliance, and opening doors to early payment discounts. Read...

View article
The power of customisation in accounting systems
Accounting Software

The power of customisation in accounting systems

2m Kloo

The power of customisation in accounting systems

Organisations can enhance their financial operations' efficiency, accuracy, and responsiveness by adopting platforms that offer them self-service cust...

View article
Turn Accounts Payable into a value-engine
Accounting Firms

Turn Accounts Payable into a value-engine

3y Accountancy Age

Turn Accounts Payable into a value-engine

In a world of instant results and automated workloads, the potential for AP to drive insights and transform results is enormous. But, if you’re still ...

View resource
8 Key metrics to measure to optimise accounts payable efficiency
AP

8 Key metrics to measure to optimise accounts payable efficiency

2m Kloo

8 Key metrics to measure to optimise accounts paya...

Discover how AP dashboards can transform your business by enhancing efficiency and accuracy in tracking key metrics, as revealed by the latest insight...

View article