We now know that the people of Scotland have opted to remain part of the UK. Whilst the referendum may be over, the debate as to the future direction of Scotland continues apace.
The Scotland Act 2012 will continue its process of implementation, incorporating any amendments that may flow as a result of further devolved powers from Westminster to Holyrood. However, changes are already in progress that will have a major impact on employers and employees based in Scotland, but also throughout the rest of the UK.
A key aspect is the Scottish Rate of Income Tax (SRIT) for Scottish taxpayers which, under current constitutional arrangements, will come into effect in April 2016 and will apply to non-savings income, including employment income.
By Gwyneth Scholefield, HR director, PwC in Scotland