New Scottish income tax system comes into force

New Scottish income tax system comes into force
 

Scotland's new system of income tax rates and bands has come into force.
The changes, which were signed off by MSPs alongside the Scottish government budget in February, will see many pay less tax, but some pay more.
Finance Secretary Derek Mackay said the new system is more progressive and will raise extra funding for local services.
However the Conservatives say the move will hit growth, while Labour claim the changes do not go far enough to make a real difference.
Until today, Holyrood had matched the structure of the tax system in the rest of the UK, with three bands - a basic rate at... read more

 
6 April 2018 in Business, Views: 52
Source: BBC
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