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Income Tax changes in Scotland

Community Veteran
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Income Tax changes in Scotland

The scottish government are planning to increase income tax for those who earn above a certain level. £ 30,000 PA is the figure they are looking at so such a increase is unlikely to affect the majority of the population.

It will be interesting to see how this plays out, will high earners be put off moving to Scotland or those in Scotland on high incomes consider moving to England or elsewhere.

Was this a wise move for the scottish government to make ?

Headline of topic changed to suit the pedantic amongst us.

Smiley

20 REPLIES
Community Veteran
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Re: Income Tax increase in Scotland

Does anyone know the phone number for Pickfords?

 

Community Veteran
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Re: Income Tax increase in Scotland

It will be interesting when the next Scottish election comes around.

By then it will have dawned on most of the electorate that there is a distinct possibility of them having to start paying for all the extra goodies.

Community Veteran
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Re: Income Tax increase in Scotland

Just seen the new rates so that's a double hit for some of us!

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Re: Income Tax increase in Scotland

https://www.google.co.uk/url?sa=t&rct=j&q=&esrc=s&source=web&cd=18&ved=0ahUKEwjgj4D48YnYAhWH1RoKHWR0...

shows that the median income in 2016 for full time employees in Scotland was £27,953 so given a small increase up to 2018 the median will be over £28.000 so nearly half would be hit by a £30,000 start point

Community Veteran
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Re: Income Tax increase in Scotland

I agree, @billnotben, free prescriptions, care etc. it's got to be funded some how. I wonder what the Independence vote would be now if a referendum were called!

Steve
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Re: Income Tax increase in Scotland


Mook wrote:

Does anyone know the phone number for Pickfords?

 


And where are you going to go? surely not south of the border where you would pay more?

If life gives you lemons, make lemonade.
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Tax decrease in Scotland

With the introduction of the new 21p tax band and the lower starting rate, 55% of Scottish taxpayers will pay less than those earning the same South of the border.

Just to prove how you can totally bias a story by the way you present the headline!

jelv (a.k.a Spoon Whittler)
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Re: Income Tax increase in Scotland

I understand lower earners will get a tax cut. At approx £20/year per taxee it's a low cost sweetener from the SNP.

Now Zen, but a +Net residue.
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Re: Income Tax increase in Scotland

Title of topic amended for those of a pedantic nature.

Smiley

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Re: Income Tax increase in Scotland

Moderator's note:

Threads merged.

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Courage is resistance to fear, mastery of fear, not absence of fear - Mark Twain
He who feared he would not succeed sat still

Community Veteran
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Re: Income Tax increase in Scotland


Steve wrote:

Mook wrote:

Does anyone know the phone number for Pickfords?

 


And where are you going to go? surely not south of the border where you would pay more?


Well that would depend on how much is earned, and from what I saw on the news yesterday I'll be worse off as a result. But even though the post was made in jest I still wouldn't consider it. The average cost of a house move is 8.5K, so if I were to move to save paying the extra tax, by my calculations it would take more years than I have fingers to recover the cost of the move from the tax savings alone!

Steve
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Re: Income Tax increase in Scotland

Tax.png

If life gives you lemons, make lemonade.
Community Veteran
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Re: Income Tax increase in Scotland

I love the FREE bit.

Just like freepost. Everyman and his dog knows it's not really free.

Someone is paying for it. Either directly or indirectly.

 

nanotm
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Re: Income Tax increase in Scotland


Mook wrote:

Steve wrote:

Mook wrote:

Does anyone know the phone number for Pickfords?

 


And where are you going to go? surely not south of the border where you would pay more?


Well that would depend on how much is earned, and from what I saw on the news yesterday I'll be worse off as a result. But even though the post was made in jest I still wouldn't consider it. The average cost of a house move is 8.5K, so if I were to move to save paying the extra tax, by my calculations it would take more years than I have fingers to recover the cost of the move from the tax savings alone!


i wouldn't be surprised if in the next 18 months once the figures start trickling in they suddenly realise the rates are wrong and just like Gordon brown did start playing with things to make folks worse off (his trick was to lower the personal allowance then change the tax rate so the lower amount only applied to the first £1,000 whilst simultaneously putting up the top rate of tax and creating a tax avoidance loophole so the rich didn't need to pay anywhere near their far share) 

just because your paranoid doesn't mean they aren't out to get you