Those living in Scotland face higher tax bills
The Scottish Parliament announced their budget for the 2017/18 tax year on 15 December 2016.
Rather surprisingly they have decided to subject Scottish taxpayers to a higher tax bill than those in the rest of the UK.
For anyone living in England, Wales or Northern Ireland during the 2017/18 tax year, the higher rate tax threshold will effectively be set at £45,000.
For those living in Scotland, this threshold is reduced to £43,430, meaning that they will be able to earn less before higher rate tax is due on their income.
Whilst this is not a huge difference, a higher rate taxpayer will effectively be paying a levy of £314 per year to live in Scotland.