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Changes to Scottish Income Tax rates 2024-25


18/04/2024

A reminder of the changes to Scottish Income Tax rates for the 2024-25 tax year. It was announced as part of the Scottish Budget measures that a new tax band called the advanced rate band will apply a 45% tax rate on annual income between £75,000 and £125,140 and would come into effect from 6 April 2024. 

In addition, 1p was added to the top rate of tax and the starter and basic rate bands were increased in line with inflation (6.7%, based on Consumer Price Index from September 2023). There were no changes to the Starter, Basic, Intermediate and Higher tax rates and the Higher rate threshold was maintained at £43,662. The measures are expected to raise an additional £1.5 billion in Income Tax revenue.

The Scottish rates and bands for 2024-25 are as follows:

Starter rate – 19% £12,571 - £14,876
Basic rate – 20% £14,877 - £26,561
Intermediate rate – 21% £26,562 - £43,662
Higher rate – 42% £43,663 - £75,000
Advanced rate – 45% £75,001 - £125,140
Top rate – 48% Above £125,140

The standard personal allowance for 2024-25 remains frozen at £12,570. 


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