{"id":87332,"date":"2017-12-14T18:31:51","date_gmt":"2017-12-14T18:31:51","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=9b70f31f8b65ed207a516f27a1e9ca1f"},"modified":"2017-12-14T18:31:51","modified_gmt":"2017-12-14T18:31:51","slug":"penny-added-to-basic-rate-of-income-tax-for-scottish-taxpayers","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=87332","title":{"rendered":"Scotland adds one penny to basic rate of income tax"},"content":{"rendered":"
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\n
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The Scottish government proposed an overhaul of the income tax rates in its draft Bbudget for 2018-19:<\/p>\n

<\/p>\n

\u00a0<\/p>\n

<\/p>\n

    \n

  • \n\t\t19%\u00a0from \u00a311,850\u00a0to \u00a313,850 (starter rate)<\/li>\n

    <\/p>\n


  • \n\t\t20%\u00a0from \u00a313,850\u00a0to \u00a324,000 (basic rate)<\/li>\n

    <\/p>\n


  • \n\t\t21% from \u00a324,000 to \u00a344,273 (intermediate rate)<\/li>\n

    <\/p>\n


  • \n\t\t41% from \u00a344,273 to \u00a3150,000 (higher rate)<\/li>\n

    <\/p>\n


  • \n\t\t46% on earnings in excess of \u00a3150,000 (top rate)<\/li>\n

    \n<\/ul>\n

    \u00a0<\/p>\n

    <\/p>\n

    The personal allowance will rise to \u00a311,850.<\/p>\n

    <\/p>\n

    Finance secretary Derek Mackay said, as a result of these changes and the increase in the personal allowance, all taxpayers earning up to \u00a333,000 would be protected from any tax rate rise. Those earning more than \u00a333,000 would pay only a proportionate amount more while most (55%) would pay marginally less in 2018-19 than in the rest of the UK.<\/p>\n

    <\/p>\n

    Cara Heaney, EY partner and head of people advisory services in Scotland, said: \u2018Following the surprise introduction of a new Scottish starter rate in the Scottish Budget, Scotland is now the lowest taxed location …<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

    \n
    \n
    \n

    The Scottish government proposed an overhaul of the income tax rates in its draft Bbudget for 2018-19:<\/p>\n

     <\/p>\n

      \n
    • \n\t\t19% from £11,850 to £13,850 (starter rate)<\/li>\n
    • \n\t\t20% from £13,850 to £24,000 (basic rate)<\/li>\n
    • \n\t\t21% from £24,000 to £44,273 (intermediate rate)<\/li>\n
    • \n\t\t41% from £44,273 to £150,000 (higher rate)<\/li>\n
    • \n\t\t46% on earnings in excess of £150,000 (top rate)<\/li>\n<\/ul>\n

       <\/p>\n

      The personal allowance will rise to £11,850.<\/p>\n

      Finance secretary Derek Mackay said, as a result of these changes and the increase in the personal allowance, all taxpayers earning up to £33,000 would be protected from any tax rate rise. Those earning more than £33,000 would pay only a proportionate amount more while most (55%) would pay marginally less in 2018-19 than in the rest of the UK.<\/p>\n

      Cara Heaney, EY partner and head of people advisory services in Scotland, said: ‘Following the surprise introduction of a new Scottish starter rate in the Scottish Budget, Scotland is now the lowest taxed location …<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"author":8,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[48],"tags":[],"_links":{"self":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/87332"}],"collection":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=87332"}],"version-history":[{"count":1,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/87332\/revisions"}],"predecessor-version":[{"id":87420,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/87332\/revisions\/87420"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=87332"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=87332"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=87332"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}