Scottish Draft Budget 2017/2018 | KPMG | UK

Scottish Draft Budget 2017/2018

Scottish Draft Budget 2017/2018

The Scottish Finance Secretary, Derek Mackay, presented his draft budget to the Scottish Parliament on 15 December 2016.

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Head of Tax, Scotland

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Key highlights:

  • Income tax – higher rate threshold for ‘Scottish taxpayers’ to increase in line with inflation to £43,430
  • Key rates – Scottish basic rate 20%, Scottish higher rate 40%, Scottish additional rate 45%
  • No changes to Land and Buildings Transaction Tax (LBTT)
  • Scottish Landfill tax to increase in line with UK Landfill Tax

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