The Scottish Parliament has confirmed the income tax bands that will apply to Scottish taxpayers for 2019/20. The bands confirm the announcement made in the Draft Scottish Budget last December.
The 2019/20 income tax rates and bands for Scottish taxpayers on income (other than savings and dividend income) are as follows:
|Scottish Bands (£)||Band name||Scottish Rate (%)|
|0 – 2,049||Starter||19|
|2,050 – 12,444||Basic||20|
|12,445 – 30,930||Intermediate||21|
|30,931 – 150,000||Higher||41|
Scottish taxpayers are entitled to the same personal allowance as individuals in the rest of the UK which for 2019/20 is £12,500. The allowance is reduced by £1 for every £2 of adjusted net income in excess of £100,000.
The UK higher rate tax point for 2019/20 is set at £37,500 and the tax rates for non-savings and non-dividend income are 20%, 40% and 45% respectively. The additional rate of 45% is payable on income over £150,000.
Internet links: GOV.SCOT income tax
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