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VAT is an indirect tax because the tax is paid to the government by the seller (the business) rather than the person who ultimately bears the economic burden of the tax (the consumer). [4] Opponents of VAT claim it is a regressive tax because the poorest people spend a higher proportion of their disposable income on VAT than the richest people. [5]
Taxation in Scotland today involves payments that are required to be made to three different levels of government: to the UK government, to the Scottish Government and to local government. Currently 32.4% of taxation collected in Scotland is in the form of taxes under the control of the Scottish parliament and 67.6% of all taxation collected in ...
The Scottish Parliament to receive a proportion of the VAT collected in Scotland, amounting to the first ten percent of the standard rate (so with the current standard VAT rate of 20%, Scotland would receive 50% of the receipts). However, the Scottish Parliament would not have power to influence the UK's overall VAT rate and would not be a ...
The third largest source of government revenues is value added tax (VAT), charged at 20 per cent on supplies of goods and services. It is therefore a tax on consumer expenditure. Certain goods and services are exempt from VAT, and others are subject to VAT at a lower rate of 5 per cent (the reduced rate, such as domestic gas supplies) or 0 per ...
Revenue Scotland (Scottish Gaelic: Teachd-a-steach Alba) is a non-ministerial office of the Scottish Government responsible for the administration and collection of devolved taxes in Scotland. It is accountable to the Scottish Parliament .
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This is a list of all Scottish Parliaments and Governments (called the Scottish Executive from 1999 until 2008) from the time of the introduction of devolved government for Scotland in 1999.
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