Scotland’s Finance Minister Derek Mackay announced Scotland’s Draft Budget 2018-2019 on 14 December. Within the Budget there were no surprises regarding Scottish income tax bands diverging from those across the rest of the UK, with several more bands added. Following on from the UK Government’s Stamp Duty announcements in November, Mackay also made some changes to the Scottish Land & Buildings Transaction Tax levels.
All of the announcements made are subject to Parliamentary approval over the next few weeks.
Read our updated Scottish & UK Budget summary here.
If you would like to discuss any of these matters please contact your usual Campbell Dallas advisor or call us on 0141 886 6644.
The information in this article should not be regarded as financial advice. This is based on our understanding in December 2017. Laws and tax rules may change in the future.
Find out about other updates on the Scottish Government’s website here.