Changes to Scottish Income Tax rates 2024-25
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.
Latest News
- Free management course for SMEs
30/04/2024 - More...
The government has launched the new Help to Grow: Management Essentials course; a short online course with practical
- Childcare Account chores
25/04/2024 - More...
HMRC’s Childcare account can be used to claim free childcare (if eligible) or pay for Tax-Free Childcare. HMRC’s sign in
- Do’s and don’ts for Standard Visitors to the UK
25/04/2024 - More...
There is useful guidance published on GOV.UK that explains the do’s and don’ts for Standard Visitors to the UK. Visitors
Newsletter
With our newsletter, you automatically receive our latest news per e-mail and get access to the archive including advanced search options!
