The Scottish Government has announced a range of changes that will effect individuals, homeowners and businesses across Scotland. Here’s a simple breakdown of the key points;

Income Tax

• Basic and intermediate rate thresholds are increasing by 7.4%
• Higher, advanced and top rate thresholds are frozen. This means more people may gradually move into higher tax bands.
• Top rate remains 48% for income over £125,140.

Property & Council Tax

• A new “mansion tax” will be introduced from April 2028 for properties worth over £1million.
• Two new higher council tax bands will be created for homes valued between £1m – £2m and over £2m.

Transport

• Peak Ferry Fares removed for Orkney & Shetland residents.
• Major investment in roads, ferries and railways.
• Air Departure Tax introduced (Highlands & Islands exempt), including a private jet tax.

Welfare & Education

• Scottish Child Payment rising to £40 per week for families with babies under one (from 2027/2028)
• Extra funding for colleges, universities and free school breakfast clubs.
• Free sport and swimming lessons for primary school pupils.

NHS & Social Care

• £22.5bn allocated to health and social care
• Expansion of Hospital at Home beds and rollout of walk-in GP clinics.

If you’re unsure how these changes may effect you or your business, getting advice early can make all the difference. Get in touch today on contact@maccountingservices.co.uk for guidance tailored to your situation.