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Scottish government proposes an overhaul of the income tax rates in its draft budget.
The Scottish government proposed an overhaul of the income tax rates in its draft Budget 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 increase in tax rates. Those earning more than £33 000 would pay only a proportionate amount more while most (55%) would pay marginally less in 2018-19 than they...
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