The University of Strathclyde
The Scottish Government has announced that NHS and care workers will receive a one-off thankyou payment of £500 this year. Like any bonus payment, these will be taxed. But where will tax revenues go, and is there a case for exempting the bonus from tax?
Today, Rishi Sunak set out his spending plans for the next financial year. what does this mean for spending in Scotland?
The Scottish Budget has been allocated over £8bn to address the implications of Covid-19 in 2020/21. This article considers how those funds have been allocated, reviews the fiscal issues and tensions that have emerged , and considers the possible implications of the UK Government Spending Review 2020 for the Scottish BUdget in 2021/22
The Covid-19 crisis has renewed interest in the merits of establishing a tax on net wealth in the UK. But if a wealth tax were introduced in the UK, should it operate as a UK tax determined by the Westminster government, or would there be a case for operating the tax – or aspects of it – at a devolved level?
The ONS recently published new data for Scotland on tax paid as a percentage of income by household income quantile. Unsurprisingly, some taxes are progressive (high income households pay a larger percentage of income in tax than lower income households) and others are regressive. But is the overall burden progressive or regressive?
Income tax outturn data for 2018/19 has been published. What does it tell us about the performance of the Scottish tax base, and what does it mean for the Scottish budget in 2021/22?
How should a wealth tax be designed? What and who should be taxed in principle, and would this be feasible in practice? And, given the interest in devolving greater revenue responsibility to the Scottish Parliament, would a wealth tax be suitable for devolution? This article considers some of these questions.
We set aside some time yesterday to look over the Prime Minister’s economy announcements, following the trail that it would set out a plan for recovery. At the heart of the announcement was a £5bn “new deal” to build homes and infrastructure. But has been widely pointed out, there was …
Fiscal stimulus? Plus a note about ‘borrowing powers’… Read More »
David Eiser, Fraser of Allander Institute, david.eiser@strath.ac.uk The outlook for the Scottish budget in 2020/21 has changed substantially since it was published in March. Higher spending and lower revenues will largely be offset by increased grant from the UK Government. The pandemic also accentuates the scale of several fiscal risks …
The outlook for the Scottish budget in 2020 and beyond Read More »
Mairi Spowage is joined by David Eiser from the FAI, Dr Ed Poole and Guto Ifan from the Wales Governance Centre at Cardiff University, and David Philips from the Institute For Fiscal Studies to discuss the impact of Covid-19 on devolved fiscal frameworks.