The Scottish government is consulting until 6 June 2019 on a new approach to the process of legislating for changes to the fully-devolved taxes in Scotland, including whether there should be a Scottish Finance Bill.
The proposed ‘devolved taxes policy framework’, covers changes to land and buildings transaction tax (LBTT) and Scottish landfill tax (SLfT). Other than the Scottish Budget, there is no formal process in place to guide the development and implementation of legislative change for these taxes.
Air passenger duty and aggregates levy remain reserved taxes for the time being, although the UK and Scottish governments remain committed to devolving these taxes to Scotland once state aid issues are resolved.
In its June 2017 report, the Budget process review group made a number of recommendations, including two in relation to the fully devolved taxes:
The new framework will set out a policy and legislative cycle for changes to devolved taxes legislation, through which the Scottish government aims to ensure:
See bit.ly/2ULIHns.
Welcoming the consultation, Alexander Garden, chair of the CIOT’s Scottish technical committee, commented: ‘The increasing importance of the devolved taxes to the Scottish Budget means that the time is right to take stock of the first four years of their operation, consider how they have fared against the principles underpinning the Scottish approach to tax and ensure that the policy process is fit for purpose both now and in the future’.
‘We look forward to working with the Scottish Government, Scottish Parliament and others as part of this process’, Garden said on behalf of the CIOT.
The Scottish government is consulting until 6 June 2019 on a new approach to the process of legislating for changes to the fully-devolved taxes in Scotland, including whether there should be a Scottish Finance Bill.
The proposed ‘devolved taxes policy framework’, covers changes to land and buildings transaction tax (LBTT) and Scottish landfill tax (SLfT). Other than the Scottish Budget, there is no formal process in place to guide the development and implementation of legislative change for these taxes.
Air passenger duty and aggregates levy remain reserved taxes for the time being, although the UK and Scottish governments remain committed to devolving these taxes to Scotland once state aid issues are resolved.
In its June 2017 report, the Budget process review group made a number of recommendations, including two in relation to the fully devolved taxes:
The new framework will set out a policy and legislative cycle for changes to devolved taxes legislation, through which the Scottish government aims to ensure:
See bit.ly/2ULIHns.
Welcoming the consultation, Alexander Garden, chair of the CIOT’s Scottish technical committee, commented: ‘The increasing importance of the devolved taxes to the Scottish Budget means that the time is right to take stock of the first four years of their operation, consider how they have fared against the principles underpinning the Scottish approach to tax and ensure that the policy process is fit for purpose both now and in the future’.
‘We look forward to working with the Scottish Government, Scottish Parliament and others as part of this process’, Garden said on behalf of the CIOT.