Scotland Act Legislative Changes
Last updated on MAY 01, 2018
Applies to:Oracle HRMS (UK) - Version 12.1 HRMS RUP7 and later
Information in this document applies to any platform.
Need detail regarding the Scotland Act regulations - when it will be available by Oracle:
"The Scotland Act 2012 is UK legislation that devolves certain tax powers to the Scottish Parliament. This includes a new Scottish rate of income tax, replacing 10% of each rate band within the current income regime. The Scottish Parliament will be permitted to leave this as a 10% Scottish rate, or vary this up or down (eg 9%; 11%) from April 2016. Any changes will remain in line with the UK tax year, being set in advance each year. This will impact tax deductions on PAYE, and relief at source, requiring payors and tax claimants like Standard Life to record which payees or clients are Scottish taxpayers and to apply correct rates.
There are changes that Oracle will need to make in order to comply with the legislative requirements. Oracle normally would be slotting in this kind of work and providing details of the changes they will be making.
If this piece of work is something on the radar for Oracle and the rough timescales that Oracle will be working towards ie, expected date for understanding changes they are making, when the business team can test the changes etc. "
So can you please provide the details as requested above that what changes will be in picture and what are the timelines to be deliver these changes.
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