New Scottish Income Tax rates and thresholds were announced in the Scottish Budget on 14 December 2017.
Her Majesty’s Government and HM Revenue and Customs (HMRC) confirmed they will be working closely with the Scottish Government and with pension providers on the implications of that change for pension tax relief, and to clarify how the mechanisms for providing relief will operate in respect of Scottish pension savers.
The newsletter issued on 18th December 2017 provides a summary of progress made by HMRC and Revenue Scotland:
We have placed a link to it in the Technical Area of our dedicated Adviser Zone.
December 18th, 2017