HMRC’s new powers to tackle electronic sales suppression
The HMRC has issued advice about the new powers and penalties under the Finance Act 2022 to tackle electronic sales...READ MORE
Taxpayers in Scotland pay a disproportionate share of sin taxes in the UK, paying 13.4 per cent of spirits duties and 11.4 per cent of tobacco duties last year, equivalent to £229 for every adult.
Scotland makes up 8.5 per cent of the adult population of the UK, but paid 13.4 per cent of the UK total of spirits duty (£458m), 8.8 per cent of wine duty (£374m) and 11.4 per cent of tobacco duty (£1bn). Betting and gaming taxes hit £258m accounting for 9 per cent of the total collected from UK wide taxpayers.
Read more at Accountancy Daily.