SCOTLAND’S FINANCE SECRETARY has demanded that the government addresses questions about the Scottish parliament’s tax-raising powers.
John Swinney wants to know more about the costs of a new IT system, due to be set out in the new Scotland Bill, the BBC reported.
Swinney came under pressure himself from Scottish ministers who demanded to know why the country had lost the ability to raise or lower income tax by 3p, known as the Scottish Variable Rate.
The Scottish government told UK ministers in August it was not going to pay HM Revenue and Customs (HMRC) £7m to work on the IT system which would allow the SVR to be used after May’s election.
(Picture of John Swinney © Crown Copyright/Scottish Government via Flickr)
The application of robotics in finance functions is moving faster than predicted. Although, companies are cautious in how they are applying artificial intelligence to ensure results first, many are stepping up their investigations
EU competition commissioner Margrethe Vestager has defended the decision to order technology giant Apple to pay €13bn (£11bn) in back taxes to the Irish government
Carillion has announced the appointment of a new finance director as it reported a rise in first half profits and sales led by strong growth in its support services business
The UK inflation rate hit its highest level in almost two years in July, suggesting that the sharp fall in sterling following the UK referendum to leave the European Union is forcing prices up