Forbes 2021 tax brackets11/12/2023 ![]() The band thresholds are made up of an individual’s tax-free allowance plus the relevant rate limit set out in the SRR. This is because, although there is a standard Personal Allowance (£12,570 for tax year 2022-23), this can vary for a number of reasons, including the Marriage Allowance or Blind Person’s Allowance. It therefore sets what are Scottish rate limits, rather than thresholds. The SRR sets the Income Tax rates and bands of income above the Personal Allowance. Under section 80C of the Scotland Act 1998, as amended by the 2016 Act, an SRR is the parliamentary mechanism for setting those rates and bands. The Scotland Act 2016 devolved power to the Scottish Parliament to set the rates and bands of Income Tax payable by Scottish taxpayers on their non-savings and non-dividend income for the purposes of section 11A of the Income Tax Act 2007. **Those earning more than £100,000 will see their Personal Allowance reduced by £1 for every £2 earned over £100,000. *Assumes individuals are in receipt of the Standard UK Personal Allowance. Proposed Income Tax Rates and Bands for 2022-23: The above motion will be debated by the Scottish Parliament and, if passed, will give effect to the Scottish Government’s Income Tax policy for 2022-23: (e) a top rate of 46%, charged on income above £150,000 Commentary (d) a higher rate of 41%, charged on income above £31,092 and up to a limit of £150,000, and ![]() (c) an intermediate rate of 21%, charged on income above £13,118 and up to a limit of £31,092, (b) the Scottish basic rate is 20%, charged on income above £2,162 and up to a limit of £13,118, (a) a starter rate of 19%, charged on income up to a limit of £2,162, Kate Forbes, MSP: Scottish Rate Resolution – That the Parliament agrees that, for the purposes of section 11A of the Income Tax Act 2007 (which provides for income tax to be charged at Scottish rates on certain non-savings and non-dividend income of a Scottish taxpayer), the Scottish rates and limits for the tax year 2022-23 are as follows. ![]() Draft motion for a Scottish Rate Resolution This note sets out draft wording for an SRR which would implement the Scottish Income Tax rates and bands proposed in the Scottish Government’s Budget 2022-23, and includes explanatory commentary. Under section 80C of the Scotland Act 1998, the Scottish Parliament may pass a Scottish Rate Resolution (SRR) to set the rates and bands which will apply to Scottish non-savings, non-dividend taxable income for the following tax year.
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