The Scottish Parliament has agreed a resolution setting the income tax rates on non-savings and non-dividend income as follows:
- a starter rate of 19%, charged on income up to a limit of £2,162;
- the Scottish basic rate is 20%, charged on income above £2,162 and up to a limit of £13,118;
- an intermediate rate of 21%, charged on income above £13,118 and up to a limit of £31,092;
- a higher rate of 42%, charged on income above £31,092 and up to a limit of £125,140; and
- a top rate of 47%, charged on income above £125,140.
https://www.parliament.scot/chamber-and-committees/votes-and-motions/S6M-07853
Related content from Claritax Books
Income Tax is a substantial single-volume guide, now in digital format, to all the income tax issues commonly faced by most accountants and tax practitioners.
