Divergences of the Scottish tax regime

 

Key points

 

• Scotland has recently begun to implement a devolved tax system.
• Land and buildings transactions tax and Scottish landfill tax replace the UK equivalents.
• New income tax bands were introduced from 2018-19.
• Scottish residence is determined by the taxpayer’s home or day counting.
• Scottish income tax applies only to non-savings and non-dividend income which can lead to complications.
• The Scottish GAAR applies to fully devolved taxes but has only a single reasonableness test.

 

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This summer saw the 20th anniversary of the establishment of the new devolved Scottish parliament and the transfer of specific powers and responsibilities from Westminster. With the major political uncertainties now facing the UK the constitutional questions being raised by Brexit and the wider geopolitical concerns at this time it seems appropriate to reflect on the Scottish journey over the past 20 years with of course a particular focus on tax...

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