The Scottish government announced yesterday changes to the income tax system which will see lower earners pay less and higher earners pay more than anywhere else in the UK. The changes only affect income taxpayers resident in Scotland and won’t have any effect on residents in any other part of the UK. The changes are due to come into effect for the 2018/19 tax year, on 6th April 2018.
The changes announced in the Scottish Budget by the country’s finance secretary, Derek Mackay, result in a move to a five-band income tax system.
The proposed new rates are as follows:
If your main residence is in Scotland, HMRC will determine you to be a Scottish taxpayer. If you are a Scottish taxpayer then your tax code will have an S included on it.
If you are a Scottish taxpayer then you should talk to us here at Crisp Contractor as these changes could potentially affect your payroll or self-assessment. These changes are subject to Scottish Parliamentary approval which should happen over the coming weeks.Go Back
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