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Scotland
Scotland
The Scottish parliament should have the power to set the rates of income tax and the thresholds for the non-savings and non-dividend income of Scottish taxpayers, according to a report from the Smith Commission on the further devolution of powers to Scotland. In related news, the Revenue Scotland website is now live, and HMRC have published a tax information and impact note on legislation to amend Landfill Tax Regulations 1996.
RPI
The retail prices index for October 2014 is 257.7.
Fair Tax Mark
Engaged Consulting, a firm of chartered accountants, business advisors and tax consultants has become the first licensed assessor for the Fair Tax Mark. It will to work with businesses seeking to obtain accreditation, as well as help them understand the ways in which tax transparency, governance and reputation can have a real commercial impact.
Tariff classification
A consultation on how HMRC supports taxpayers who need help when classifying goods for import or export purposes has been launched. Comments should be submitted by email no later than 18 February.
QROPS
HMRC have published an update to the qualifying recognised overseas pension schemes (QROPS) list.
