Source link : https://bq3anews.com/stealth-tax-rises-are-at-the-horizon-for-scotland-forward-of-its-election/
When Scotland’s finance secretary, Shona Robison, delivered the Scottish price range for 2026-27 on January 13, she framed it as the cheap for households that may ease drive on family price range. Coming just a few months sooner than the Scottish parliamentary elections in Would possibly, this price range is particularly vital.
On revenue tax, the message from the Scottish Nationwide Celebration-led govt used to be transparent. Hitting out at contemporary UK nationwide budgets, Robison argued, appropriately, that freezing revenue tax thresholds implies that extra of folks’s pay is taxed, or taxed at the next fee. She advised the Scottish Parliament: “I am making a different choice.”
Whilst it’s true there’s a distinction, in truth that distinction is proscribed. The Scottish parliament units revenue tax charges and bands on maximum revenue earned by way of taxpayers in Scotland. In contrast to in the remainder of the United Kingdom, there are six charges – starter, elementary, intermediate, greater, complicated and height – starting from 19% to 48%.
What issues isn’t the collection of bands however the dimension of the leap between them. Source of revenue within the intermediate band is taxed at 21% as much as £43,662. Source of revenue above that time is taxed at 42%.
Alternatively, the United Kingdom parliament nonetheless controls key parts of the gadget, together with allowances, reliefs and tax on financial savings and dividend revenue.
Whilst a…
—-
Author : bq3anews
Publish date : 2026-01-23 16:55:00
Copyright for syndicated content belongs to the linked Source.
—-
1 – 2 – 3 – 4 – 5 – 6 – 7 – 8