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FSB Budget Reaction: Income tax changes can’t open floodgates PDF Print E-mail
Wednesday, 21 February 2018
The Scottish Parliament has today voted to pass the Scottish Government’s Budget Bill, heralding the introduction of new tax bands and rates in Scotland. 

Reacting to the vote, Andy Willox, FSB’s Scottish policy convener, said: “This budget breaks new ground, and, in these economically uncertain times, it must not open the floodgates to a host of Scottish supplements, charges and levies.

“While there’s much in the Budget to be applauded, a clear majority of those in business are against moves to change Scotland’s income tax. Ministers need to keep a close eye on the effects of this move and be ready to change tack if we start seeing unintended consequences for the Scottish economy.

“On the other hand, there are elements of Mr Mackay’s proposals that we support, such as new rates breaks for business investment and local nurseries. It’s also hard to fault the Scottish Government’s ambition on matters like broadband and educational attainment – they must succeed on these fronts.

“However, in the immediate term, Ministers must keep their promise that a tourism bed tax will not be applied north of the border. With rising costs, shaky confidence and squeezed margins, the Scottish Government must resist putting further pressure on firms.”
 

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