ICAS contributes to Fraser of Allander Institute's 2019 pre-budget commentary
By Justine Riccomini, Head of Taxation (Scottish Taxes, Employment and ICAS Tax Community)
12 November 2019
Justine Riccomini gives an overview of the ICAS contribution to the Fraser of Allander pre-budget briefing. ICAS has a good working relationship with the Fraser of Allander Institute and we are delighted to have been asked to contribute a chapter on Scottish Taxes and to present at their pre-budget event on 12 November.
This year, we have commented on the extent to which there is growing divergence between the Scottish and rest of UK taxation systems, and addressing issues such as:
- Will tax measures in the UK Budget, combined with Brexit and the general election on 12 December overshadow the Scottish Budget?
- Income tax – with a more progressive charging structure than in the rest of the UK, the possible behavioural reactions to increasing costs for higher earners, relative to those in the rest of the UK, will need to be factored into decision making
- The size, shape and potential mobility of the Scottish income tax base create challenges
- LBTT – the most visible divergence is in the rates charged
- How much time will the Scottish Parliament have to fully debate and vote on Scotland’s draft Budget proposals if the Scottish Budget speech does not take place until January 2020?
These issues, together with discussions on the different devolved and partially devolved taxes, VAT, NICs and new taxes, all feature in ICAS’s paper.
Read the ICAS chapter here
Read the entire FAI publication here