SCOTTISH Taxpayers are set to pay MORE taxes than the rest of brits thanks to Nicola Sturgeon.
Income tax for people in Scotland earning more than £24,000 a year will rise to 21p, the Scottish government has said.
The SNP’s finance secretary Derek Mackay made the announcement in his draft Budget for 2018-19 on Thursday, with higher rates of income tax also going up to 41p and 46p.
“This sets the top rate of tax at a level which will generate the most income with the the least risk of losing revenues next year and damaging the economy,” he told Scottish Ministers.
“Had we gone further our modelling indicates that once behavioural effects of forestalling are considered a higher rate could actually reduce income tax revenue next year and that’s not a decision any sensible government would take.”
STURGEONS NEW TAXE RATES:
19p – the new “starter rate” on the first £2,000 of taxable income between £11,850 and £13,830.
20p – the frozen basic rate for incomes between £13,851 and £24,000.
21p – a new “intermediate rate” for incomes between £24,000 and £44,273.
41p – a higher rate for incomes between £44,274 and £150,000.
46p – a higher rate for incomes above £150,000.
Scot First Minister Nicola Sturgeon said the changes were “necessary to protect public services and invest in the economy”.
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