THIS WEEK IN SCOTLAND
While most work places across Scotland were winding down this week in the run up to the festive break, Holyrood was in the midst of one of its most significant set-pieces of the political calendar – the Scottish Budget.
The Cabinet Secretary for Finance, Derek Mackay MSP, delivered his Budget to the Scottish Parliament on Thursday afternoon, with the highly anticipated changes to income tax taking centre stage.
Following on from the options paper on Scottish taxes published by the Government last month, Mr Mackay announced the creation of a new tax band for those earning £24,000 to £44,273, along with changes in rates to the other bands.
The Finance Secretary said that the measures would mean that lower earners would pay less tax than the rest of the UK, and higher earners slightly more – part of the Scottish Government’s efforts to create a fairer and more ‘proportionate’ tax system.
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