The Scottish government has reached an agreement with opposition parties to freeze all income tax rates in Scotland for 2017/18, leaving the higher-rate threshold at £43,000, unchanged from 2016/17. The threshold in the rest of the UK is set to increase to £45,000.
Scottish ministers estimate that setting the threshold for paying higher rate income tax at this level will generate an additional £29m tax revenue for Scotland in 2017/18.
The Scottish government has reached an agreement with opposition parties to freeze all income tax rates in Scotland for 2017/18, leaving the higher-rate threshold at £43,000, unchanged from 2016/17. The threshold in the rest of the UK is set to increase to £45,000.
Scottish ministers estimate that setting the threshold for paying higher rate income tax at this level will generate an additional £29m tax revenue for Scotland in 2017/18.
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