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Income tax in Scotland is a tax of personal income gained through employment. This is a tax controlled by the Scottish Parliament, [clarification needed] and collected by the UK government agency HM Revenue & Customs. Since 2017, the Scottish Parliament has had the ability to set income tax rates and bands, apart from the personal allowance. [1]
The creation of a devolved Scottish parliament in 1999 was accompanied by a limited transfer of taxation powers: the Scotland Act 1998 transferred the power to legislate for local taxation and also the power to vary income tax by plus or minus 3 pence in the pound. Most taxation powers in Scotland following the creation of the parliament ...
Income tax will be frozen until 2026, Finance Secretary promises ... the changes in the budget for 2025-26 mean the basic and intermediate rate thresholds will increase by 3.5% to £15,397 and £ ...
Devolution of Aggregates Levy has been delayed due to long running legal issues surrounding the tax. The Scottish Aggregate Tax is expected to replace the UK Aggregates Levy in April 2026. There are currently plans to introduce a Scottish Building Safety Levy which is planned to be devolved to Scotland by the end of 2024.
The Scottish government is reportedly considering introducing a new tax band to shore up its budget.
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The Scottish Fiscal Commission (Scottish Gaelic: Coimisean Fiosgail na h-Alba) is a non-ministerial office. It was established by the Scottish Parliament to provide independent forecasts of taxes [ 1 ] [ 2 ] and social security expenditure, and GDP forecasts, to help inform the government's budget and its scrutiny by parliament.
Where actual data is not readily available, estimates for Scotland are made by the compilers e.g. Whitehall reserves 74% of Scotland's revenue and 37% of its spending; [3] the data for the estimates are from a variety of sources including pan UK data provided by the UK Government's Office for National Statistics (ONS).