Examples of Scottish basic rate in a sentence
But, if the assessment period is less than a year, the earnings to which the basic rate or the Scottish basic rate of tax is to be applied and the amount of the personal reliefs deductible under this paragraph must be calculated on a pro rata basis.
The Treasury shall, no later than one year after the date on which this Act is passed, publish and lay before the House of Commons a review of the implementation of the Scottish basic rate and any other income tax rates for the purposes of section 11A of the Income Tax Act 2007.
In the run up to the implementation of the Scottish Rate of Income Tax (SRIT) from 1 April 2016, HMRC has had to consider whether arrangements for reclaiming gift aid were adjusted to cope with both the Scottish basic rate of income tax and the UK basic rate of income tax.
But, if the assessment period is less than a year, the earnings to which the basic rate, or the Scottish basic rate, of tax is to be applied and the amount of the personal reliefs deductible under this paragraph must be calculated on a pro rata basis.
Under section 80C of the Scotland Act 1998, inserted by section 25(3) of the Scotland Act 2012 and amended by section 13 of the Scotland Act 2016, the Parliament may by resolution set the Scottish basic rate, and any other rates, for the purpose of section 11A of the Income Tax Act 2007.
This link will be broken if the UK basic rate is applied to all donations, in the event that a Scottish basic rate of income tax varies from the UK basic rate.
Tax on such payments will be paid by the Association, as previously agreed by the Management Committee, and will be based on the Scottish basic rate of income tax.
The UK legislation is therefore being adjusted to recognise that anything not Scottish basic rate does not necessarily mean the higher or additional rate equivalents apply.Secondary legislation has been drafted to recognise within UK taxation the tiered approach to what would otherwise be the Scottish basic rate by the Scottish Government.
Although the Scottish Parliament sets only one rate ( the Scottish rate), this effectively gives rise to three rates: the Scottish basic rate; the Scottish higher rate; and the Scottish additional rate.
But, if the assessment period is less than a year, the earnings to which the basic rate or in the case of a Scottish taxpayer, the Scottish basic rate of tax is to be applied and the amount of the personal reliefs deductible under thisparagraph must be calculated on a pro rata basis.