0 Have your say Controversial plans to hit private schools with a £5 million tax hike have taken a step forward after the Scottish Government unveiled a new consultation into the move. Finance Secretary Derek Mackay today insisted the change is part of a package which will “strike the right balance” between a competitive tax system and raising funds for pubic services. The consultation into measures contained in the Barclay Review comes ahead of legislation expected later this year to overhaul of Scotland’s business rates system.Read more: Private schools hit with £5m rates hikeIt has already prompted concern among firms over the prospect of new taxes on “out-of-town” retail parks and online businesses as part of a drive to revive ailing High Streets stores. The loss of charity relief – which shaves 80% off rates – means some of the country’s best known schools like Heriot’s, Watson’s, Gordonstoun and Fettes College could face bills running into six figures. “The Scottish Government will remove charity relief for most independent schools from April 2020 to bring independent schools into line with Council schools,” today’s consultation states. Bosses at fee-paying schools have previously warned it would place Scottish education at a competitive disadvantage… Read full this story
- NASCAR moving closer to its version of a salary cap
- Mt. SAC moves closer to hosting 2020 Olympic Trials with Walnut agreement
- 91 Crossing Guards Added At Hillsborough County Schools
- As high school star skips college for NBA’s G League, others remain skeptical
- Harlem Lacrosse having an impact in Boston middle school
- Ohio State's Urban Meyer will make $7.6 million this season after receiving raise
- Athletes going private could drain high school sports
- Tax law changes raise the price for college football and basketball fans.
- Wichita State addition moves AAC closer to Power 6, says conference head Mike Aresco
- Is a revenue gap keeping top coaches away from G5 schools?
Private schools' £5 million tax bombshell moves closer have 304 words, post on www.scotsman.com at June 25, 2018. This is cached page on Law Breaking News. If you want remove this page, please contact us.