Tuesday, April 09, 2024

Scotland - Income tax changes

People urged to check their tax code as new financial year begins.

From Saturday (6 April 2024) a new Advanced income tax band will apply a 45% rate on annual income between £75,000 and £125,140. An additional 1pence will be added to the Top rate of tax meaning income over £125,140 will be taxed at 48%.

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