The Scottish government is to introduce a new 19p starter rate of tax and will freeze the basic rate to “protect low and middle earners”.
In its draft Budget 2018-19, the country’s finance secretary Derek Mackay said in order to make the tax system more progressive, the policy will introduce a new intermediate rate of 21p and increase both the higher rate and top rate by 1p respectively.
Under these proposals, more than 70 per cent of taxpayers will pay less tax next year for a given income.
“This means that those earning under £33,000 will pay less income tax in 2018-19 than in 2017-18, with higher earners paying proportionately more.
“These proposals will also mean that 55 per cent of taxpayers – those earning up to £26,000 – will pay marginally less income tax than if they lived elsewhere in the UK.”
For the majority, Scotland will be the lowest taxed part of the UK, the government said.
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