The first fully devolved Scottish taxes, land and buildings transaction tax and Scottish landfill tax, come into effect on 1 April 2015. However this is only the start of the tax devolution process. Following the publication of 'The Vow' by the leaders of the main political parties in the run up to the Scottish referendum on independence in September 2014, further tax devolution (including Scottish rates and thresholds for income tax) is expected from April 2016.

This guidance note from Tolley, in partnership with Andrew Ford of Barr & Ford Limited, summarises the current statutory position along with the recommendations of the Smith Commission and the latest draft legislation, with full technical references. See at a glance which taxes are to be devolved and the practical matters that need to be considered so that you can keep your clients up-to-date on the latest position.

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