Published On: 14 December 2017
This afternoon, the most significant changes in recent times to the Scottish Income tax system were announced. These were much wider ranging than anticipated and will, in addition to having a direct impact on the finances of Scottish taxpayers, undoubtedly add a huge amount of complexity to the calculation of tax liabilities for many of our clients due to the way these new rates will interact with other taxes that are still under the direct control of the UK Treasury.
A more detailed analysis of the changes will follow tomorrow.
For those not regarded as Scottish taxpayers these changes will not have any impact.