| How will Independence affect the taxation system? |
| Wednesday, 18 March 2009 15:11 |
| The Scottish Parliament will take responsibility for raising and spending all taxes in Scotland. A Treasury, or Ministry of Finance, will be established by the Parliament. The SNP is committed to ensuring a smooth transition when the Scottish Parliament takes responsibility for Scotland’s taxes, whether that be before or at Independence. Existing tax rates will remain in force unless and until changed by the Scottish Parliament. Existing facilities in Scotland for tax assessment and collection will be used. Officials based in Scotland are already responsible for extensive tax administration (for instance the Inland Revenue’s Centre 1 in East Kilbride, as well as other bases including those in Cumbernauld, Edinburgh, and Aberdeen). These functions will continue once these offices come under Scottish control. Liability for income tax will be decided on the basis of residency, and business taxation based on location. |
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