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Proposed Changes in Scotland's Individual Income Tax Including 60% Top Rate

31 March 2016

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Proposed Changes

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United Kingdom

On 29 March 2016, Scotland's Greens Party announced proposed changes in the individual income tax rates and bands that deviate significantly from the rates and bands included in the UK Budget 2016. The power to set different rates in Scotland is one of the devolved powers provided under the recently passed Scotland Act 2016 ({News-2016-03-28/A/3- previous coverage}). Under the Greens Party proposal, the individual income tax rates and bands would be as follows for the 2017-2018 tax year: up to GBP 11,500 - 0% (personal allowance - same as UK Budget) over GBP 11,500 up to 19,000 - 18% over...