Patricia Grant Bcom CA
Stephen Grant Bcom CA
The Scottish Government now has control of income tax rates and bands so it should have come as no surprise when the Budget introduced rates and bands which were notably different from the UK equivalents.
The new rates are displayed on our personal tax page but, in essence, we are faced with a lower starting rate (19%) for the lowest paid counterbalanced by a slightly higher basic rate and topped with 1% extra on higher rate and additional rate taxpayers. Additionally the level of income where higher rate tax comes into play is now almost £3,000 lower than the UK equivalent.