The Scottish government announced the Budget for 2021-22 on 28 January 2021, which has been laid before the Scottish Parliament. With respect to taxation, the budget includes plans to:
- Maintain the income tax rates, with an increase in the starter band, basic band and higher rate threshold by CPI inflation (0.5%) and the top rate threshold to remain frozen at GBP 150,000:
- over GBP 12,570 to 14,667 - 19% Starter Rate
- over GBP 14,667 to 25,296 - 20% Scottish Basic Rate
- over GBP 25,296 to 43,6…