Scot­land’s tax hike

The Week - - News -

The Scot­tish Gov­ern­ment has used its new pow­ers to set in­come tax rates for the first time. In its draft bud­get for 2018-19, the SNP put a penny on the higher and ad­di­tional rates, in­creas­ing them to 41p and 46p; it also in­tro­duced a new 21% in­ter­me­di­ate tax band for earn­ings be­tween £24,001 and £44,273; and a “Scot­tish starter rate” of 19% on the first £2,000 of taxed in­come. Ac­cord­ing to Fi­nance Sec­re­tary Derek Mackay, any­one earn­ing less than £33,000 will be bet­ter off. How­ever, the changes mean that 45% of Scots will pay more tax than if they lived else­where in the UK.

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