HMRC have published a technical note clarifying the scope of the Scottish income tax rate. The Scotland Act 2012 received Royal Assent on 1 May 2012. The Scotland Act 2012 provides for Scottish taxpayers (as defined) to be subject to UK tax on their non-savings income, but for the applicable UK tax rates to be reduced by 10 pence in the pound. Added to the reduced rates will be the Scottish tax rate, which will be set by the Scottish Parliament. "Non-savings income" is generally income other than interest and dividends. Interest and dividends will remain subject to the applicable...