Reading Time: 3 minutesAfter last week’s debate on the Committees’ pre-Budget reports, the Parliament has now commenced formal consideration of the Budget Bill. The Parliament debated and voted
Tag: Budget
What does the Scottish budget mean for taxpayers?
Reading Time: 6 minutesWhat are the proposals for income tax? The Scottish Government set out its proposals for income tax from April 2019 as part of the Scottish
And we’re off: Scottish Budget 2019-20, the parliamentary debate begins
Reading Time: 4 minutesThis is an initial analysis of the Budget. More detailed SPICe briefings and additional blogs will follow in due course. Derek Mackay presented the Scottish
UK Budget 2018: Spending increases with tax choices to come
Reading Time: 3 minutesThe Chancellor of the Exchequer delivered his final pre-Brexit Budget on Monday. It was noticeable for presenting better than anticipated tax revenue figures, despite economic
How accurate were the SFC’s forecasts and what does this mean for the Budget?
Reading Time: 4 minutesThe Scottish Fiscal Commission (SFC) published three documents on Wednesday – a Forecast Evaluation Report 2017-18; a Value Added Tax (VAT) Approach to Forecasting and
What do the new figures for income tax revenue tell us?
Reading Time: 4 minutesLast week HM Revenue and Customs (HMRC) published important data in a technical note to its Annual Report and Accounts 2017-18: income tax revenue outturn
The Scottish Government’s Five Year Financial Strategy
Reading Time: 5 minutesThe Scottish Government published its Five Year Financial Strategy yesterday. Publication of this document follows a recommendation of the Budget Process Review Group (BPRG) that
Guest Blog – The National Performance Framework
Reading Time: 4 minutesAs with all guest blogs, what follows are the views of the author, Jennifer Wallace, Head of Policy at the Carnegie UK Trust, and not those
Scottish Income Tax: how different is it to the rest of the UK?
Reading Time: 4 minutesThe Financial Scrutiny Unit (FSU) is often asked what the difference is between income tax in Scotland and in the rest of the UK, especially
Budget Bill Stage 3 – the final parliamentary hurdle
Reading Time: 3 minutesThe Budget for financial year 2018-19 passed its final parliamentary hurdles on Tuesday and Wednesday of this week. The ‘Rate Resolution’ debate and vote on