Scottish rates of income tax 2017 to 2018
The Scottish Parliament have now agreed the rates and bands for Scottish income tax in 2017-18.
The Scottish Parliament has agreed that:
- for the purposes of section 11A of the Income Tax Act 2007 (which provides for income tax to be charged at Scottish rates on certain non-savings and non-dividend income of a Scottish taxpayer), the Scottish rates and limits for the tax year 2017-18, based on someone in receipt of the standard UK personal allowance, are as follows:-
(a) the Scottish basic rate is 20%, charged on income above £11,500, up to a Scottish basic rate limit of £43,000
(b) a Scottish higher rate of 40%, charged on income above the Scottish basic rate limit of £43,000 and up to a Scottish higher rate limit of £150,000, and
(c) a Scottish additional rate of 45%, charged on income above the higher Scottish rate limit of £150,000.
The revised P9X, featuring the thresholds set by the Scottish Parliament, is available here.
For further information please click here.