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% |
|
Over 150,000 |
Top | 46% |
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 link: GOV.SCOT income tax
