PART 2: TAX
From 6th April 2018 the Scottish parliament implemented extensive changes to both the rates and thresholds for Income Tax to apply to Scottish taxpayers only. The full table of rates and thresholds to be processed by employers and HMRC is: COPYRIGHT © 2021 THE CHARTERED INSTITUTE OF PAYROLL PROFESSIONALS Year Rate % Income band* £ Year Rate % Income band* £ 2018/19 19 1– 2,000 2019/20 19 1– 2,049 20 2,001 – 12,150 20 2,050 – 12,444 21 12,151 – 31,580 21 12,445 – 30,930 41 31,581 – 150,000 41 30,930 – 150,000 46 > 150,000 46 > 150,000 HR £43,430 £43,430 *After allowing for the full personal allowance as set by the UK parliament Year Rate % Income band* £ Year Rate % Income band* £
2020/21 19
1– 2,085
2021/22 19
1 – 2,097
20
2,086 – 12,658
20
2,098 – 12,726
21 No printing, copying or reproduction permitted. 12,659 – 30,930 21 41 30,931 – 150,000 41 46 > 150,000 46 HR £43,430 HR The codes used changed from April 2018 in order to identify the different rates to use: Scottish basic rate referred to as SBR, the Scottish intermediate rate of 21% is SD0, Scottish higher rate is SD1, and the Scottish additional rate is SD2. There is no code for the Scottish starter rate. 12,727 – 31,092 31,093 – 150,000 > 150,000 43,662 *After allowing for the full personal allowance as set by the UK parliament
192
Made with FlippingBook - Online magazine maker