The Scottish government has announced that parliament passed the individual income tax rates and bands for 2017-18. As previously proposed, the rates will be frozen and the threshold at which people start paying the higher tax rate will remain GBP 43,000. The rates and bands for 2017-18 apply from 6 April 2017 as follows:
- over GBP 11,500 up to 43,000 - 20% basic rate (assumes standard UK personal allowance of GBP 11,500)
- over GBP 43,000 up to 150,000 - 40% higher rate
- over GBP 150,000 - 45%…