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.

This entry was posted on Tuesday, 20th December 2016 at 12:55 pm and is filed under News, Tax. You can follow any responses to this entry through the RSS 2.0 feed.

Tags: government, scotland, Tax