Susan Spash comments on the Scottish government's announcement on income tax changes.
Susan Spash, partner at Blick Rothenberg, said: 'Whilst the powers for setting tax rates for earnings have been devolved, the powers for setting income tax reliefs and allowances as well as National Insurance thresholds remain with the UK. This contributes to increased complexity and potentially greater uncertainty for those living and working in Scotland. There will be winners and losers for those close to the thresholds of rate changes.'
Scotland has announced the introduction of a new income tax band of 21 p in the pound for those earning over £24,000.
For more information, please contact Susan Spash