‘Devolve VAT and corporation tax’

The UK Government should devolve VAT and corporation tax to Holyrood, a thinktank has claimed.

Reform Scotland today published a range of policies shared by a mix of Scotland’s main parties in a bid to drive the Scottish Parliament away from arguing about the constitution.

The organisation calls for more financial powers for Holyrood following the UK’S departure from the EU.

Other policies include creating a new land use strategy, a feasibility study on payas-you-drive road pricing and directly electing mayors.

The report says: “The current financial settlement has left Holyrood hugely reliant on a single income stream with NSND income tax accounting for 65 per cent of all devolved revenue. Following the UK’S departure from the EU, VAT should be devolved to Holyrood.”