Scottish Taxes

 


The Chartered Institute of Taxation (CIOT) respond to the Finance and Constitution Committee’s call for views on the Pre-Budget scrutiny 2012-22.

The Chartered Institute of Taxation has commented on the Scottish Government's plans to increase the threshold for Land and Buildings Transaction Tax (LBTT) from £145,000 to £250,000.

Replicating the chancellor’s plans to cut stamp duty land tax could result in more than 90 per cent of Scottish house sales being tax free but could drastically cut Land and Buildings Transaction Tax (LBTT) receipts, the Chartered Institute of Taxation (CIOT) has suggested.

The CIOT has told MSPs not to lose sight of the way tax policies are scrutinised as the country deals with the economic and fiscal fallouts from the Coronavirus lockdown.

The comments came in oral evidence to Holyrood’s Finance and Constitution Committee last week as part of its inquiry into the impact of COVID-19 on the Public Finances and Fiscal Framework.

You can read the transcript of the meeting by clicking here or alternatively, watch the video of proceedings here.

The Chartered Institute of Taxation (CIOT) respond to the call for views published by the Advisory Group on Economic Recovery.

The Chartered Institute of Taxation (CIOT) respond to the Finance and Constitution Committee call for evidence on The impact of COVID-19 on the public finances and the Fiscal Framework.

The Chartered Institute of Taxation (CIOT) have sent comments to the COVID-19 Committee of the Scottish Parliament, in respect of their consultation on the Coronavirus (Scotland) (No. 2) Bill. 

The Scottish Government has introduced legislation to the Scottish Parliament that will extend the period for eligible property buyers to claim a refund of the Additional Dwelling Supplement (ADS) of Land and Buildings Transaction Tax (LBTT).

Some house buyers could miss out on being able to claim a refund for a property tax charge if they have been unable to sell their old home because of the COVID-19 pandemic, the Chartered Institute of Taxation (CIOT) has said.

The Chartered Insitute of Taxation (CIOT) respond to the interim report of the Devolved Taxes Legislation Working Group.