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14 December 2017
Income tax changes revealed in Scottish budget
The Scottish government proposed an overhaul of the income tax rates in its draft Bbudget for 2018-19:
- 19% from £11 850 to £13 850 (starter rate)
- 20% from £13 850 to £24 000 (basic rate)
- 21% from £24 000 to £44 273 (intermediate rate)
- 41% from £44 273 to £150 000 (higher rate)
- 46% on earnings in excess of £150 000 (top rate)
The personal allowance will rise to £11 850.
Finance secretary Derek Mackay said as a result of these changes and the increase in the personal allowance all taxpayers earning up to £33 000 would be protected from any tax rate rise. Those earning more than £33 000 would pay only a proportionate amount more while most (55%) would...
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