Before the partial decentralisation of income tax in Scotland in April 2016, there was no need for individual calculations or precise figures – suffice it to say, for example, that a $300,000 benefit had been granted and that about 20% of beneficiaries were taxpayers with a higher tax rate, the rest being the basic rate. This was a relatively simple way for employers to pay on what was due and proved to be a success in obtaining income. If an employer is sure that it does not have employees who are Scottish or Welsh taxpayers (see below), this is maintained. With regard to the partial decentralisation of income tax in Scotland, Scotland now has powers over Scottish income tax rates and ranges under the Employment Act 1998, amended by the Scotland Act 2016. The Wales Act 2014 provides powers over Welsh income tax rates. Income tax in Scotland and Wales is levied on income defined as “non-savings, non-dividend-related” income; Overall, this includes employment income, earnings from self-employment, retirement income and income from property received by persons classified as Scottish or Welsh tax payers in a tax year. (ii) the total number of employees receiving qualified remuneration under the agreement, the responsibility of the EPI is calculated on the basis of a prescribed PSA1 form. This is generally requested by HMRC to send and agree during July and August so that liability can be settled before October 19 (postal payment) or October 22 (electronic payments) after the fiscal year in which benefits were granted. Note that for higher and additional tax payers (higher rate in Scotland), paying tax and niCs with an PPE can be costly due to the mark-up process, which can almost double the cost of making the initial benefit available.

(ii) another amount reflecting income tax on the benefit of workers receiving the tax-free skilled earnings provided for in the agreement. 4. The amount of income tax payable by an employer under an agreement of the agreement must be specified in the agreement and must be stated in the agreement and, subject to this section, the tax commissioners may enter into an agreement with the employer, at the request of an employer, under which the employer, in accordance with the provisions of this section of the income tax section. , with respect to income tax, with respect to qualified earnings for one year of assessment of one or more employees of the employer, which the employer would otherwise be required to account for in accordance with the other provisions of this chapter and any provisions of those provisions.