Isobel d’Inverno and Alan Barr (Brodies) review the Scottish Budget, including the new Scotland’s tax strategy publication which contains a wide range of substantive possibilities for change.
After some divergence in recent years caused in part by the Covid-19 pandemic but also by frequent changes in UK Governments the Scottish Budget maintained its regular timing slot when introduced on 4 December 2024 some five weeks after its UK equivalent on 30 October. This pattern allows some time for reaction in the Scottish Budget; quite crucial in a partially devolved tax system. This Budget was delivered by the SNP as a minority government. The SNP is two seats short of an overall majority at Holyrood so the Budget will require at least some cross-party support to be passed.
In terms of the major taxes (principally income tax) and whether or not in response to Scotland’s share...
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Isobel d’Inverno and Alan Barr (Brodies) review the Scottish Budget, including the new Scotland’s tax strategy publication which contains a wide range of substantive possibilities for change.
After some divergence in recent years caused in part by the Covid-19 pandemic but also by frequent changes in UK Governments the Scottish Budget maintained its regular timing slot when introduced on 4 December 2024 some five weeks after its UK equivalent on 30 October. This pattern allows some time for reaction in the Scottish Budget; quite crucial in a partially devolved tax system. This Budget was delivered by the SNP as a minority government. The SNP is two seats short of an overall majority at Holyrood so the Budget will require at least some cross-party support to be passed.
In terms of the major taxes (principally income tax) and whether or not in response to Scotland’s share...
If you or your firm subscribes to Taxjournal.com, please click the login box below:
If you do not subscribe but are a registered user, please enter your details in the following boxes:
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