MSE News: Scottish income tax shake-up - how what you pay will change

kidmugsy

One-Eye wrote: »

"Everyone earning over £26,000 will pay more tax than they would in England".

No doubt it serves 'em right for being capitalist fascist Tory scum. Is that how the SNP phrases it?

Wayne_O_Mac

One-Eye wrote: »

"Everyone earning over £26,000 will pay more tax than they would in England"

Doesn't sound so good does it.

I'm happy to pay more in tax for better public services.

The poor pay less, the rich pay more. It sounds fine.

BoGoF

Saw an article this morning but not sure how accurate it is - states that where person is liable at 21% then would no longer to be able to transfer part of personal allowance where there is a non working spouse. You can only do this where recipient is basic rate taxpayer (20%).

Dazed_and_confused

BoGoF

The CIOT website has an article pointing out that people paying the new "intermediate" rate (potentially) won't be entitled to it anymore.

Is that what you've read or was it something else?

BoGoF

Was in a newspaper but cant remember which one

theoretica

The 19/20/21 thing looks to me a lot like the Scottish government making changes for the sake of using their right to do so.

dansmif

I couldn't find any salary calculators that have been updated with the proposed Scottish 2018/19 rates yet, so I've created a spreadsheet which is available for download here:

wxw.dropbox.com/s/eqwchpodb0i7jg7/Scottish%20Income%20Tax%20Calculator.xlsx?dl=0#
(replace the wxw part with www - as a new forum user I'm not able to post direct links)

It's purely to analyse the income tax changes so it doesn't take into account NI etc. If there's any tax experts out there, can you check I've got the formulas and bands are right? I've compared it with the lookup table produced by ICAS on a recent BBC News article and they match up so I'm fairly confident it's accurate.

From playing with the spreadsheet, it's interesting to see that although people on salaries under £33,000 are paying less income tax than last year, and those above are generally paying more, there is a small anomaly where if you're paid between £43,527 and £58,459 your income tax is actually *lower* than 2017/18.

poggs

dansmif wrote: »

From playing with the spreadsheet, it's interesting to see that although people on salaries under £33,000 are paying less income tax than last year, and those above are generally paying more, there is a small anomaly where if you're paid between £43,527 and £58,459 your income tax is actually *lower* than 2017/18.

unless you've a partner in low pay job that can no longer transfer some of their allowance.

In my case on £36000 I'm about £380 a year worse off under this plan than if I lived in England.

But its ok as the druggies, wasters and scroungers will get more benefits and free houses, so thats ok I suppose. Because in the peoples republic of scotland there is nothing worse than actually supporting your own family. Thats the state's job surely?

No more overtime for me. I'll just have to take it as time of in lieu to reduce my productively further along with lowering my tax paid.

I'm sure that was the NATs plan wasnt it?

Allan_frae_Fife

But its ok as the druggies, wasters and scroungers will get more benefits and free houses, so thats ok I suppose.


I'll just have to take it as time of in lieu

---

Ah well, it'll give you more time to read the Daily Mail

traceyr

What happens to the marriage allowance in Scotland are we to lose that as well as it only applies to basic rate taxpayers?

The SNP making changes just for the sake of it. No thought put into their policies as usual!