Budget changes will raise £62m extra for Scottish Government

Changes to the Scottish Government’s budget will raise an extra £62 million, the Scottish Fiscal Commission has confirmed.

The independent body has published official forecasts for income tax revenue, updated to reflect revisions to the 201819 tax and spending plans approved by MSPS last month.

The extra revenue comes from a change to the higher rate income tax threshold and the extension of the public sector pay rise.

An anomaly in the draft Budget proposals from December would have seen those earning between £43,525 and £58,500 paying less tax rather than more.

Finance Secretary Derek Mackay said this would be addressed by changing the higher rate threshold to £43,438 rather than the £44,274 originally proposed.

The total additional revenue raised by the final income tax policy will be £219m.