ICAS Scottish Taxes Resources
The ICAS Tax Team produces a variety of different resources for members, and for the public, each year in relation to Scottish taxes. Justine Riccomini provides further detail.
The ICAS tax policy role
ICAS seeks to inform tax policy makers in both the Westminster and Holyrood governments, aiming to obtain the best possible outcomes for devolved taxes and UK wide tax legislation. We meet with other UK professional bodies as well as the Scottish Government, the Scottish Fiscal Commission, SPICe, HMRC, the Office of Tax Simplification and other government departments and think tanks.
Our work is carried out in conjunction with, and informed by, the ICAS Tax Board and five ICAS tax committees which cover the needs of OMB’s, Private Clients, and Large and International businesses, as well as specifically concentrating on employment taxation, indirect taxes and Scottish Taxes. ICAS has also formed a separate policy collaborative with the CIOT ‘the Scottish Taxes Policy Forum’, which produced a paper last year and is currently working on another.
Interaction with members
ICAS policy positions on Scottish Taxes
- There should be a five-year roadmap to set out the objectives of Scottish tax policy.
- There needs to be public awareness, and accessible public information about Scottish taxes to enable informed decision making.
- There needs to be a process to facilitate regular maintenance of the devolved taxes, which includes the opportunity for stakeholders to give input.
- The Scottish and UK Governments should work together to ensure that tax administration is kept as streamlined as possible and that complexity arising from tax devolution is kept to a minimum.
The ICAS Guide to Scottish Taxes
ICAS also publishes the ICAS Guide to Scottish Taxes. The current edition reflects the position as of March 2019 and contains information relating to the Scottish Income Tax rates and bands which apply for 2019/20 as well as up to date information in relation to the other Scottish Taxes. The Guide is aimed at a wide readership, from MSPs to tax and accounting professionals and members of the general public.
Our latest webinar on devolved taxes
In this webinar, Charlotte Barbour, Director of Taxation at ICAS and Frank Haskew, Head of Tax at the ICAEW provide an overview of the devolved tax powers to Scotland, Wales and Northern Ireland, discussing the differences in timing and nature, the complexities arising from them, and pointers to areas where care needs to be taken when advising clients across the UK.
Contact the Tax Team
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