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HMRC and Scotland’s government have agreed a memorandum of understanding for a Scottish rate of income tax.
The document sets out the arrangements for the implementation of the rate, describing each administration’s respective responsibilities in relation to establishing and operating it.
The Scottish rate will begin from a date to be set by the UK government and is expected to be April 2016. It will be administered by the Revenue as part of the UK-wide income tax system and will apply to non-savings income.
HMRC and Scotland’s government have agreed a memorandum of understanding for a Scottish rate of income tax.
The document sets out the arrangements for the implementation of the rate, describing each administration’s respective responsibilities in relation to establishing and operating it.
The Scottish rate will begin from a date to be set by the UK government and is expected to be April 2016. It will be administered by the Revenue as part of the UK-wide income tax system and will apply to non-savings income.
The Scottish parliament will decide the rate from zero to any number of pence or half-pence in the pound, which will be added to each of the main UK rate bands after ten pence in the pound has been deducted.
HMRC have produced a set of questions and answers on the subject.
