Scottish Rate of Income Tax Category: EQ AccountingPayroll - Posted On: Feb 11 2016 From 6 April 2016, you’ll pay the Scottish rate of income tax if you live in Scotland. This means some of your income tax will be paid to the Scottish Government. It applies to your wages, pension and most other taxable income. Your personal allowance – the amount of income you don’t pay tax on – stays the same. You’ll also pay the same tax as the rest of the UK on dividends and savings interest. If you’re employed or get a pension, from 6 April 2016 your tax code will start with an ‘S’. This will tell your employer or pension provider to deduct tax at the Scottish rate. Most people’s tax code will be S1100L if they pay the Scottish rate and get the standard personal allowance. www.gov.uk/scottish-rate-income-tax/how-it-works For further information please contact Lynne Vaughan or Jane Russell on 01382 312140. All News View the latest news stories from all of our sectors. View All News News by category View the latest news stories from a specific sector. COVID-19 EQ News People Experienced Professional Graduate Intern RGU Placement School & College Leaver Services Audit & Reporting Corporate Finance EQ Accounting Bookkeeping Cloud Accounting Management Accounts Payroll Taxation International Tax Making Tax Digital Personal Tax Specialisms Agriculture Charities Engineering & Manufacturing Healthcare Leisure Food & Drink Professions Property & Construction Technology
Scottish Rate of Income Tax Category: EQ AccountingPayroll - Posted On: Feb 11 2016 From 6 April 2016, you’ll pay the Scottish rate of income tax if you live in Scotland. This means some of your income tax will be paid to the Scottish Government. It applies to your wages, pension and most other taxable income. Your personal allowance – the amount of income you don’t pay tax on – stays the same. You’ll also pay the same tax as the rest of the UK on dividends and savings interest. If you’re employed or get a pension, from 6 April 2016 your tax code will start with an ‘S’. This will tell your employer or pension provider to deduct tax at the Scottish rate. Most people’s tax code will be S1100L if they pay the Scottish rate and get the standard personal allowance. www.gov.uk/scottish-rate-income-tax/how-it-works For further information please contact Lynne Vaughan or Jane Russell on 01382 312140. All News View the latest news stories from all of our sectors. View All News News by category View the latest news stories from a specific sector. COVID-19 EQ News People Experienced Professional Graduate Intern RGU Placement School & College Leaver Services Audit & Reporting Corporate Finance EQ Accounting Bookkeeping Cloud Accounting Management Accounts Payroll Taxation International Tax Making Tax Digital Personal Tax Specialisms Agriculture Charities Engineering & Manufacturing Healthcare Leisure Food & Drink Professions Property & Construction Technology