Tories want more tax power for Holyrood

Tories want more tax power for Holyrood

Party backs more fiscal autonomy for Scottish parliament

A Conservative government would transfer powers to cut excise, stamp and fuel
duty to Holyrood as part of a new proposal for partial fiscal autonomy.

According to The Scotsman, senior figures in the party, are in
favour of various taxes being devolved, with the assumption that they would then
be cut in Scotland.
Under Tory plans this would help stimulate growth, attract business investment
and giving Scots more money of their own to spend.

However, there are concerns that such a plan will clash with Tory leader
David Cameron’s recent high-profile commitment not to offer tax cuts at this
time.

Granting autonomy to Scotland on these three taxes is based on the fact that
they are easy to identify, are paid by individuals and companies at specific
geographic locations and are relatively uncomplicated to collect.

Related Articles

Watch out when winding up

Corporate Tax Watch out when winding up

3m Emma Rawson, ATT Technical Officer
How might Brexit affect UK tax policy?

Brexit & Economy How might Brexit affect UK tax policy?

3m Santhie Goundar
Corporation tax losses – your newly flexible friends

Corporate Tax Corporation tax losses – your newly flexible friends

5m Emma Rawson, ATT Technical Officer
HMRC large business tax enquiry duration rises to 3 years

Corporate Tax HMRC large business tax enquiry duration rises to 3 years

6m Emma Smith, Managing Editor
SMEs paying higher rate of corporation tax than big businesses

Corporate Tax SMEs paying higher rate of corporation tax than big businesses

6m Alia Shoaib, Reporter
Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

Corporate Tax Big names, little tax: Airbnb, Facebook, Kellogg’s, eBay

9m Alia Shoaib, Reporter
New trading allowance: simplicity, but not as we know it

Administration New trading allowance: simplicity, but not as we know it

9m Emma Rawson, ATT Technical Officer
EU divided over radical tax reforms targeting tech giants

Corporate Tax EU divided over radical tax reforms targeting tech giants

10m Alia Shoaib, Reporter