Calman Commission scheme for Holyrood has proposed major changes in the structure of income tax and the current coalition government in UK is all set to go ahead with it. These changes are ready to be incorporated in the tax structure by next year. Not many are in favour of these changes in the tax structure but everyone kept quite or did not raise an objection because there wasn’t any change in the revenue earned by the exchequer from income tax.
But now the Scottish government is up in arms and the bill is being highly debated in the Scottish parliament. A serious flaw in Calman Commission scheme for Holyrood has been discovered which translated into a loss of 250 million pounds for Scottish government in the form of income tax revenue every year.
This means that though there is no loss for the UK government, Scottish government has to suffer a huge loss in terms of 250 million pounds a year.
These serious flaws after disclosure have led to growing unrest over the Calman plans which have been introduced or put forward by Westminster. Calman plans have proposed to increase the income tax threshold to 10,000 pounds.
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Now with the growing unease, it has become really important that the tabled points of Calman Commission scheme for Holyrood be discussed clearly between officials in London and officials in Edinburgh before the bill goes into legislation. Let’s see if the tax change really takes place and if it does, what options will Scottish government employ to minimise their revenue losses.
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