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Tax rise ‘could cost Scotland £20m in revenues’

09-04-2018

The Institute of Fiscal Studies has warned that the Scottish Government would lose £20m in planned revenue if "fewer than 20" of Scotland's biggest earners relocated south of the Border to escape tax hikes. The institute pointed out it would be relatively easy for Scottish-based individuals with another property in England to move their tax domicile south of the Border. Meanwhile, the SNP has accused Conservative leader Ruth Davidson of making misleading statements on how many taxpayers would see their bills increase under the new tax regime. The Scottish Conservative leader tweeted yesterday that “If you earn over £26,000, like a nurse, police officer or teacher - from today, the SNP are taking more money out of your pay packet.” This contradicts the SNP’s claim that no-one who earns less than £33,000 will see their tax rise.

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