As the new tax year (2022/2023) draws close, here is our reminder of the proposed income tax rates and allowances for Scottish taxpayers as announced in the Scottish Budget on 9 December 2021 by Scottish Finance Secretary, Kate Forbes.
From 6 April 2022 there are no changes to the rates of income tax and the higher and top tax rate thresholds remain at the same level as in the current (2021/2022) tax year. However, the starter and basic rate bands will increase by 3.1%, the CPI inflation rate.
The proposed new bands for 2022-2023 – assuming that the standard UK personal allowance applies.
|
Rate |
% |
Income Band (£) |
|
|
Proposed 2022-23 |
Current 2021-22 |
||
|
Starter rate |
19 |
12,570 - 14,732 |
12,570 - 14,667 |
|
Basic rate |
20 |
14,732 - 25,688 |
14,667 - 25,296 |
|
Intermediate rate |
21 |
25,688 - 43,662 |
25,296 - 43,662 |
|
Higher rate |
41 |
43,662 - 150,000 |
43,662 - 150,000 |
|
Top rate |
46 |
150,000 + |
150,000 + |
Personal Tax Advice, Edinburgh
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