New income tax rates for people in Scotland due to start from April
dailyrecord.co.ukThe Scottish Government recently confirmed that income tax rates north of the border will be frozen until at least the end of this Parliament in 2026.
During the Budget in December, Finance Secretary Shona Robison also announced that the basic and intermediate rate thresholds will be frozen, effectively pulling more Scots workers into lower tax bands.
The SNP has introduced additional tax bands since 2017 and Ms Robison said the decision to freeze rates means that the majority of people in Scotland will pay less income tax than those in the rest of the UK.
However, people in Scotland begin paying more in tax after earning more than £28,800 a year and the difference in thresholds with England, Wales and Northern Ireland increases significantly on earnings of more than £50,000 a year.
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