However, following the granting of greater powers over the setting of income tax rates and bands, we have since 2017/18 seen the evolution of a significantly different income tax regime in Scotland. READ MORE: Scottish income tax difference is 'major concern'“The forecasts for what the Scottish Government will raise through its latest changes to the top tax bands is just over £80 million. READ MORE: Ian McConnell: The big, burning Scottish income tax issuesHowever, her latest comments in the wake of the December Budget moves to increase income tax for high earners were particularly interesting. The EY ITEM Club think-tank has also offered its view on Scottish income tax policy, and its effects, in recent days. The think-tank declared that “it should be noted that the proposed Scottish income tax increases for 2024/25 will create a further disparity between Scottish and UK taxpayers”.

Source: Forbes February 12, 2024 13:32 UTC