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01 December 2015
Scottish rate of income tax (SRIT) will be introduced from 6 April 2016.
The National Audit Office (NAO) has published a report on HMRC’s administration of the Scottish rate of income tax (SRIT), to be introduced from 6 April 2016.
The report considers HMRC’s progress in setting up systems that will ensure that income tax levied under the Scottish rate will be assessed and collected properly and whether the amounts reimbursed to HMRC by the Scottish government are accurate and fair.
The department forecasts that implementing the tax could cost up to £35m by 2018/19. It also suggests that £1.7m will be paid to HMRC by the Scottish government as a result of implementing the SRIT during 2014/15.
The report can be found here.
