Plans for Scottish Tax System
Written by admin on December 13, 2013
An independent authority responsible for collecting devolved taxes in Scotland will be established as part of the Revenue Scotland and Tax Powers Bill, published today.
The Bill provides a legal framework for the collection of taxes devolved under the Scotland Act 2012, and gives this responsibility to a new tax authority, Revenue Scotland.
Revenue Scotland will administer the two taxes to be devolved from April 2015 – Land and Buildings Transaction Tax and the proposed Scottish Landfill Tax.
The Bill also contains tough rules to counteract tax avoidance, including a General Anti Avoidance Rule.
Finance Secretary John Swinney said this Government will take a distinctly Scottish approach to taxation, including a vigorous approach to combatting tax avoidance.
“The Bill sets out the powers and duties of Revenue Scotland and will put in place a statutory framework that will apply to the two devolved taxes,” Mr Swinney said.
“In Scotland’s Future, we set out how the development of the devolved taxes, including the tax collection framework in today’s Bill, will form the basis of a future independent Scottish tax system.”
