From the outset of this discussion it is important to note that, in the event of a yes vote and the establishment of a new government within a wholly-independent Scotland, the introduction of new Scottish tax policy, including new rates, would be subject to a wide variety of factors.

Decisions would need to be made taking into account a variety of issues such as the public finances at the time, the outcome of any negotiations with the rest of the UK and the EU, and the outcome of currency policy discussions.