Scottish income tax achieves devolution

Posted by on 4 May, 2012
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This item was filled under Tax

The Scotland Act has received royal assent, giving powers for the Scottish parliament to set a local rate of income tax different from that of the UK’s.

A new rate is expected to be introduced from 6 April 2016, and ITA 2007 will be amended to peg the income tax rate for Scotland’s taxpayers at ten percentage points below the main UK rate.

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