29-01-2019
Who pays Income Tax in Scotland?

According to HMRC, individuals pay Scottish Income Tax if they live in Scotland. Care should be taken when considering the phrase “live in Scotland”. In particular, you may also pay Scottish Income Tax if you:


– move to or from Scotland,
– live in a home in Scotland and one elsewhere in the UK, for example for work,
– don’t have a home and stay in Scotland regularly, for example you stay offshore or in hotels.


If an individual moves to or from Scotland, they will pay Scottish Income Tax if they move to Scotland and live there for more than half the tax year.


There is also a requirement that taxpayers advise HMRC of a change of address if they move to or from Scotland.


Planning note


Clearly, taxpayers may suffer varying rates of Income Tax depending on which side of the border they live. This is yet another factor that needs to be considered when advising affected clients on Income Tax planning matters.

Source: HM Revenue & Customs | 29-01-2019

Back

Post a Comment

Your email address will not be published. Required fields are marked *

*

  • ABOUT US

    the accountancy practice kent logo

    The Accountancy Practice is a Kent based firm specialising in small and medium sized businesses. We provide a friendly, professional service and regard our smallest client as important as our largest.
  • Latest News

    17-04-2019
    Tenth anniversary of first Debt Relief Order

    Debt Relief Orders ... read more

    16-04-2019
    Estate Agents targeted

    HMRC has launched an ... read more

    16-04-2019
    Job related expenses you can claim against your tax

    If you are an ... read more

    More news

  • CONTACT US

    The Accountancy Practice
    10 Churchill Square
    Kings Hill
    West Malling
    Kent ME 19 4YU

    01732 897929

    Fax: 01732 897939
    info@theaccountancypracticeltd.co.uk


    Facebook
    Twitter
    Linkedin
  • Why choose us

    By working more closely with you than traditional accountants, The Accountancy Practice is able to gain a deeper understanding of your individual business needs. We are then on hand to support you with day to day issues and provide ongoing financial and taxation expertise. You can think of us as your virtual Financial Director.