Part 1 Amendments of ITA 2007
Finance Act 2014 (2014 c 26) | Legislation

SCHEDULE 38 Scottish Basic, Higher and Additional Rates of Income Tax

Section 296

Part 1 Amendments of ITA 2007

1

ITA 2007 is amended as follows.

2

In section 6 (the basic rate, higher rate and additional rate)—

(a)ÌýÌýÌýÌý omit subsections (2A) to (2C), and

(²ú)ÌýÌýÌýÌý in subsection (3), after “see—†insert—

“(³ú²¹)ÌýÌýÌýÌý section 6A (Scottish basic, higher and additional rates),â€.

3

After section 6 insert—

“6A The Scottish basic, higher and additional rates

(1)ÌýÌýÌýÌý The Scottish basic rate, the Scottish higher rate and the Scottish additional rate for a tax year are calculated as follows.

Step 1

Take the basic rate, higher rate or additional rate.

Step 2

Deduct 10 percentage points.

Step 3

Add the Scottish rate (if any) set by the Scottish Parliament for that year.

(2)ÌýÌýÌýÌý For provision about the setting of the Scottish rate, see Chapter 2 of Part 4A of the Scotland Act 1998.â€

4

In section 10 (income charged at the basic, higher and additional

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