Band
Band name
Rate
£12,501 - £14,585
Starter Rate
19%
£14,586 - £25,158
Scottish Basic Rate
20%
£25,159 - £43,430
Intermediate Rate
21%
£43,431 - £150,000
Higher Rate
41%
Above £150,000
Top Rate
46%
Those earning more than £100,000 will see their Personal Allowance reduced by £1 for every £2 earned over £100,000, in line with current tax rules.
There was also discussion of the fact that this Scottish Budget was being delivered under strange circumstances, and that the Scottish government had been required to make certain assumptions about the Barnett consequentials coming to Scotland, in light of the fact that the UK budget will not be delivered until 11 March 2020. This wasn’t without its difficulties, but the budget could not be further delayed and was needed in order to inform councils and give an outline of the levels of spending they could come to expect for the tax year ahead.
A few areas of interest were:
• Funding to establish the Scottish Child Payment expected to help 287,000 children by 2024-2025, costing £162 million. • £361 million invested in a new and improved Social Security System, which will make approximately £3.4 billion of financial support available to people throughout Scotland • Pay rise of up to 3% for those working in the public sector who earn £80,000 and below • £494 million to support government services • 1% of GDP will be allocated to spend on tackling climate change • Teachers to receive pay increase of a minimum of 13%, meaning that the starting annual salary for a fully qualified teacher would be £32,994 • £120m for a heat transition deal and capital funding of £151m for energy efficiency infrastructure • An increase to the proportion of cash going to low carbon initiatives, with £1.8bn in capital investment • An increase of almost 60% in funding to reduce harm from alcohol and drugs • Funding of £15 billion for health and care services
The Scottish Budget document in its entirety can be located here.
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HMRC encourages couples and civil partners to claim the Marriage Allowance this Valentine’s Day 17 February 2020
HMRC has published a press release urging married couples and those in civil partnerships to claim the Marriage Allowance to earn a Valentine’s Day cash boost.
It is estimated that over two million individuals could be missing out on the £250 tax break that arises from claiming the Marriage Allowance, even though more than 1.78 million couples already utilise this benefit. Claims can be backdated for up to four years to April 2015, meaning that individuals could receive up to £1,150.
The Director General for Customer Services at HMRC, Angela MacDonald, said:
The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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