Tax Rates 2024/25

Tax Rates 2024/25. It was published ahead of the unveiling on dec 4 of the draft scottish budget for 2025/26, which will include the proposed income tax rates and bands on earnings in scotland. From april 2026 a revised tax regime will be introduced meaning that carried interest will be treated as trading profits and subject to income tax and class 4 national insurance.

Highlights include revised tax slabs, increased deductions, and simplified taxation. The tax rates applicable to different categories of taxpayers, such as individuals, hufs, aops, bois,.