New income tax band in Scotland will hit everyone earning over £75,000

A new tax threshold has been created for high earners in Scotland, meaning anyone who earns more than £75,000 will pay a rate of 45%.

Scotland already had the highest tax band in the UK at 47% for people earning more than £125,000.

This will also rise by 1% next year to 48%.

Read more: https://news.sky.com/story/new-income-tax-band-in-scotland-will-hit-everyone-earning-over-75-000-13034074

#tax #scotland #skynews

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