Income Tax

Top earners in Scotland could save more than £46,000 in income tax over five years if they commuted to work from England. Wealth manager Rathbones says clients and prospective clients who work in Scotland are increasingly questioning where they should live as the gap between Scottish and rest-

Income Tax and National Insurance have emerged as the taxes most urgently in need of reform, according to the first post-Scottish election poll of ICAS (Institute of Chartered Accountants of Scotland) members. New findings show that more than twice as many Chartered Accountants (39%) identified Inco

Chancellor Rachel Reeves has abandoned plans to raise income tax at the 26 November Budget, following improved economic forecasting from the Office for Budget Responsibility (OBR). Ms Reeves had previously hinted at tax rises or "deep cuts" to public investment to fill a significant gap in her spend

Official figures have revealed a significant shift in income tax contributions, with more UK adults over 70 paying tax than those under 30, according to official government figures. Treasury data for 2022-23 shows 5.45 million over-70s paid income tax, compared to 5.23 million under-30s. This revers