The Official Report is a written record of public meetings of the Parliament and committees.
All Official Reports of meetings in the Debating Chamber of the Scottish Parliament.
All Official Reports of public meetings of committees.
Displaying 1202 contributions
Public Audit Committee
Meeting date: 23 February 2023
Craig Hoy
My final question is on Ferguson Marine. Obviously, the construction of the vessels is under way. Have you or are you making provision for any additional cash calls from the yard separate to those that are to fund the construction of the vessels?
Public Audit Committee
Meeting date: 23 February 2023
Craig Hoy
You will note from our meeting on 19 January that we have a significant interest in the financial interventions in Prestwick airport and the Lochaber aluminium smelter, in addition to our on-going inquiries in relation to Ferguson Marine. How is the Scottish Government managing the heightened financial risk with the Lochaber smelter, given the reported issues that are facing the Liberty group?
Public Audit Committee
Meeting date: 23 February 2023
Craig Hoy
What more can you or other agencies do to accelerate recovery of that money? What are your plans to provide regular updates so that we can get assurance on what, although it is a relatively small percentage, is a percentage of a very large sum? We are talking about a significant amount of public money. What plans do you have to speed up its recovery and to ensure that there is greater transparency on the numbers?
Public Audit Committee
Meeting date: 23 February 2023
Craig Hoy
The answer will probably be a guesstimate, but do you have an idea of the percentage that you think that you may be able to recover?
Public Audit Committee
Meeting date: 23 February 2023
Craig Hoy
In March 2022, the Scottish Government published its business investment framework, outlining the principles for investments and decisions that it might make in the private sector. Mr Marks, can you bring us up to speed on whether the Scottish Government has used the framework in practice yet?
Public Audit Committee
Meeting date: 9 February 2023
Craig Hoy
You came forward with various recommendations in your report. Do you think that more third-party data checks and compliance activity should be undertaken in Scotland?
Public Audit Committee
Meeting date: 9 February 2023
Craig Hoy
Good morning, Mr Davies and Mr Boyle, and welcome. It is good to see you in the flesh, rather than on Zoom.
I want to delve a bit deeper into the monitoring and evaluation that you can do around the compliance of Scottish income tax payers, which is becoming a live issue, given the increasing divergence between the Scottish tax system and the UK tax system. Indeed, that is referred to in a report by the Institute for Fiscal Studies, which is covered in today’s Daily Telegraph.
I return to the issue that the deputy convener raised regarding postcodes and where people are resident. The NAO report says:
“HMRC has not identified any significant or widespread instances of taxpayers changing their address to obtain a tax advantage.”
However, today’s newspaper report points to David Alexander, the chief executive of Scotland’s largest letting agency DJ Alexander, saying that he is already seeing signs of high earners leaving. He said:
“It’s a natural situation that people think, ‘actually why would I reside here when I can move not that far and pay substantially less tax’.”
Given that HMRC says that it is not seeing any significant or widespread instances of that, can you elaborate on that? What would be significant or widespread, bearing in mind that Scotland has a very small number of upper-rate and high-rate taxpayers?
09:30Public Audit Committee
Meeting date: 9 February 2023
Craig Hoy
The divergence is around 2.1 per cent in relation to the rest of the UK, which is getting into what I perceive to be a significant sum. From your perspective, would it be reasonable to expect that there is an incentive for individuals faced with the prospect of higher tax to consider legitimate tax avoidance measures, such as converting income to dividends or moving south of the border? Is that a reasonable expectation that HMRC should be aware of?
Public Audit Committee
Meeting date: 9 February 2023
Craig Hoy
Is it difficult to do that modelling in a predictive sense? Do you only realise that the flight has happened once you look back over the output for a year?
Public Audit Committee
Meeting date: 9 February 2023
Craig Hoy
So, you are saying that if people are doing it, perfectly legitimately, over a number of years, HMRC would not necessarily be particularly activated about it.