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SNP plot new tax raid on Scottish families

December 6, 2018 9:43 AM
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SNP plot new tax raid on Scottish families

FINANCE Secretary Derek Mackay was accused of ignoring warnings after he claimed another middle-class tax raid would not backfire. Tories highlighted concerns over the economic damage of the widening tax gap with England but said the SNP “isn’t listening”.

Mr Mackay will reveal his draft Budget next week but has ruled out following Philip Hammond’s lead in raising the higher rate tax threshold.

Following the Chancellor’s October Budget, the threshold at which workers in the rest of the UK pay the 40 per cent rate will increase from £46,350 to £50,000 from April.

But the giveaway does not apply to some 370,000 Scots because this level is set by the SNP Government and is currently only £43,430.

Source: express.co.uk

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