IndyRef2 : This time it's war!

[SimonMac]

an occupying army saving Scottish lives how will Sturgeon survive?

I am sure once Holyrood gets control over setting Income Tax, and healthcare spending they will be able to fix they are in

[DoctorStrangelove]

Income tax was devolved in 2016 apparently.

[agentzero]

Income tax was devolved in 2016 apparently.

The devil is in the detail.

It wasn't fully devolved. There is only the power granted to change each band +- a couple of percent and limited power to change the point at which this tax begins for higher earners. This has already been adjusted for the 40% tax band and adjusted up 1% to 41%.

People begin to pay the 41% in Scotland at £43662.

https://www.mygov.scot/income-tax-ra...nal-allowances

[SimonMac]

Income tax was devolved in 2016 apparently.

[vetran]

https://www.gov.uk/government/statis...-november-2020

[Mordac]

I am sure once Holyrood gets control over setting Income Tax, and healthcare spending they will be able to fix they are in

Once they get to set their own tax rates (rather than tweaking the UK rate) I don't think there will be any higher rate taxpayers left in Scotland.

[agentzero]

Once they get to set their own tax rates (rather than tweaking the UK rate) I don't think there will be any higher rate taxpayers left in Scotland.

The nuances are in the data sets. As this is a contractor forum:

If you're a Director of a Limited Company formed in England, which was all Limited Companies up until a few years ago, then your corporation tax, dividend tax and income are considered to be in England, even if you reside in Scotland.

When tax intake figures are published they are incorrect, because those who are resident in Scotland but Directors of Limited Companies - PSC or more than one Director, are monetarily considered to be in England. This is a flaw in the stats that, as you can imagine, lessens the number of higher rate tax payers in Scotland quite a bit.

[Paralytic]

If you're a Director of a Limited Company formed in England, which was all Limited Companies up until a few years ago

Eh? What on earth makes you think that?

[ladymuck]

The nuances are in the data sets. As this is a contractor forum:

If you're a Director of a Limited Company formed in England, which was all Limited Companies up until a few years ago, then your corporation tax, dividend tax and income are considered to be in England, even if you reside in Scotland.

When tax intake figures are published they are incorrect, because those who are resident in Scotland but Directors of Limited Companies - PSC or more than one Director, are monetarily considered to be in England. This is a flaw in the stats that, as you can imagine, lessens the number of higher rate tax payers in Scotland quite a bit.

It's been possible to register a company in Scotland since 1856. I guess your idea of 'a few years ago' is a bit different to mine.

https://www.nrscotland.gov.uk/resear...s#Registration

[vetran]

It's been possible to register a company in Scotland since 1856. I guess your idea of 'a few years ago' is a bit different to mine.

https://www.nrscotland.gov.uk/resear...s#Registration

Well you are getting on a bit!