{"id":87688,"date":"2018-01-02T10:32:03","date_gmt":"2018-01-02T10:32:03","guid":{"rendered":"http:\/\/mostafa.openonline.co.uk\/?guid=d997459b8fc76421fa80fce16d1daf5a"},"modified":"2018-01-02T10:32:03","modified_gmt":"2018-01-02T10:32:03","slug":"scotland-adds-one-penny-to-basic-rate-of-income-tax-but-protects-lower-earners-3","status":"publish","type":"post","link":"https:\/\/mostafa.openonline.co.uk\/?p=87688","title":{"rendered":"Scotland adds one penny to basic rate of income tax but protects lower earners"},"content":{"rendered":"<div class=\"field field-name-body field-type-text-with-summary field-label-hidden\">\n<div class=\"field-items\">\n<div class=\"field-item even\" property=\"content:encoded\">\n<p>The Scottish government proposed an overhaul of the income tax rates in its draft Budget for 2018-19:<\/p>\n<p>&#13;<\/p>\n<ul>\n<li>&#13;<br \/>\n\t\t19% from \u00a311,850 to \u00a313,850 (starter rate)<\/li>\n<p>&#13;<\/p>\n<li>&#13;<br \/>\n\t\t20% from \u00a313,850 to \u00a324,000 (basic rate)<\/li>\n<p>&#13;<\/p>\n<li>&#13;<br \/>\n\t\t21% from \u00a324,000 to \u00a344,273 (intermediate rate)<\/li>\n<p>&#13;<\/p>\n<li>&#13;<br \/>\n\t\t41% from \u00a344,273 to \u00a3150,000 (higher rate)<\/li>\n<p>&#13;<\/p>\n<li>&#13;<br \/>\n\t\t46% on earnings in excess of \u00a3150,000 (top rate)<\/li>\n<p>&#13;\n<\/ul>\n<p>The personal allowance will rise to \u00a311,850.<\/p>\n<p>&#13;<\/p>\n<p>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 increase in tax rates. Those earning more than \u00a333,000 would pay only a proportionate amount more while most (55%) would pay marginally less in 2018-19 than they would in the rest of the UK.<\/p>\n<p>&#13;<\/p>\n<p>The new starter rate makes Scotland the lowest taxed part of &#8230;<\/p>\n<\/div>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<div>\n<div>\n<div>\n<p>The Scottish government proposed an overhaul of the income tax rates in its draft Budget for 2018-19:<\/p>\n<ul>\n<li>\n\t\t19% from &pound;11,850 to &pound;13,850 (starter rate)<\/li>\n<li>\n\t\t20% from &pound;13,850 to &pound;24,000 (basic rate)<\/li>\n<li>\n\t\t21% from &pound;24,000 to &pound;44,273 (intermediate rate)<\/li>\n<li>\n\t\t41% from &pound;44,273 to &pound;150,000 (higher rate)<\/li>\n<li>\n\t\t46% on earnings in excess of &pound;150,000 (top rate)<\/li>\n<\/ul>\n<p>The personal allowance will rise to &pound;11,850.<\/p>\n<p>Finance secretary Derek Mackay said, as a result of these changes and the increase in the personal allowance, all taxpayers earning up to &pound;33,000 would be protected from any increase in tax rates. Those earning more than &pound;33,000 would pay only a proportionate amount more while most (55%) would pay marginally less in 2018-19 than they would in the rest of the UK.<\/p>\n<p>The new starter rate makes Scotland the lowest taxed part of &#8230;<\/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\/87688"}],"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=87688"}],"version-history":[{"count":0,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=\/wp\/v2\/posts\/87688\/revisions"}],"wp:attachment":[{"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=87688"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=87688"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mostafa.openonline.co.uk\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=87688"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}