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The Scottish government delivered its 2022-23 Budget on 9 December 2021.
Key tax announcements include:
- income tax rates will remain unchanged. The starter and basic rate bands will increase in line with inflation and the higher and top rate thresholds will remain frozen;
- land and buildings transaction tax (LBTT) rates and bands will remain at their current levels;
- the LBTT additional dwelling supplement remains at 4%;
- Scottish landfill tax standard and lower rates will increase to £98.60 per tonne and £3.15 per tonne respectively. The credit rate for the Scottish landfill communities fund will remain at a maximum of 5.6%.
Alexander Garden chair of the CIOT’s Scottish technical committee said: ‘Increasing the starter and basic rate bands by inflation means that from April the level of income that Scottish taxpayers start paying more income tax than those in the rest of the UK will increase by £457 to £27 850....
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