On 30 November 2016, UK government regulations entered into force for the transfer of power to the Scottish Parliament to set individual income tax rates and thresholds in Scotland. The transfer of power is included as part of the Scotland Act 2016 ({News-2016-03-28/A/3- previous coverage}). The power to set income tax rates and thresholds separate from the UK will apply from 6 April 2017. Although new Scottish rates and thresholds have not yet been finalized, a proposal ({News-2016-03-31/P/3- previous coverage}) has been made for a new bracket structure with a top rate of 60% on income over GBP 150,000 (standard...