Scotland saw higher net migration from elsewhere in the UK after adopting a more progressive income tax system – but it could have been higher still without that divergence, according to the latest...
Income tax is set to generate £700m more for the Scottish Government next year than previously expected, but only a small portion of this is from the hike for high-earners announced in this week’s...
The government’s decision to freeze income tax bands will provide the government with £20bn additional revenue a year, more than double initial forecasts, according to the Institute for Fiscal...
Scottish Government’s income tax rates are progressive, but unnecessarily complicated by taxation bands that are too similar, according to the Institute for Fiscal Studies.
A reform of the tax system could raise an additional £11bn a year to help fund public services post Covid-19, according to a report from the London School of Economics and Warwick University.
Economists have warned against the introduction of a universal basic income across Scotland as part of a knee-jerk reaction to the coronavirus pandemic.
The prime minister’s plans to cut revenue received from National Insurance contributions and higher income tax would cost billions a year, a think-tank has said.
Scotland’s net fiscal balance has improved slightly on last year, with an increase in revenues outstripping a rise in public sector expenditure, according to the latest figures.
The Scottish Government’s draft budget this month will reveal not only the impact of an improving economic outlook on public finances but the extent of Holyrood’s determination to plough a...
Scottish income tax yielded £0.5bn less than predicted in its first year under Holyrood control due to a smaller than anticipated pool of high earners, according to new analysis.
Raising the top rate of income tax to 50% could raise up to £2bn more for the Treasury but could also cost more than double that depending on how high earners react, according to Institute for...
A real-time online system will collect tax return information automatically and manage irregular incomes better. Could it also make a local income tax viable?
The government has been accused of appearing soft on the super-rich by employing dedicated personal advisors to help high net worth individuals manage their tax affairs, the public accounts committee...
A root-and-branch review of the Scottish Parliament’s budgetary process is to be undertaken in order to reflect Holyrood’s increasing fiscal powers and its changing relationship with Westminster.
George Osborne’s decision to raise the threshold for the higher 40p rate of income tax will not be followed in Scotland if the Scottish National Party wins May’s Holyrood election, first...
