Scotland Tax Tables
Sponsor: None [Sponsor Enquiry]
Published on: 2023-05-01 16:17:49
Last modified: 2023-05-01 17:25:05
Rating: ★★★★★ [ No Votes yet, be the first ]
Reference(s) HMRC
Tax tables last updated: 2023-05-01 17:18:11
Currency British Pound Sterling [ GBP ] [ £ ]
Introduction
On this page you will find:
- The latest tax tables for Scotland which are used as the default tax year for Scotland tax calculations in our apps.
- A list of previous tax years tax tables for Scotland, these tax years can also be used with the Scotland tax calculators by selecting alternate tax years.
The tax tables are split into two seperate categories, these are Personal Income Tax Tables (PIT) and Corporate Income Tax Tables (CIT).
Scotland Personal Income Tax (PIT)
PIT includes the tax rates and thresholds that are applied when calculating taxes targeted at individuals, for example, income tax is a tax applied against individuals and therefore categorised as PIT.
| Personal Allowance in 2023 | £ 12,570.00 |
| Standard Tax Code in 2023 | 1257L |
| Personal Allowance Phaseout Threshold in 2023 | £ 100,000.00 |
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 19% | £ 0.000.00 | to | £ 2,162.00 |
| 20% | £ 2,162.01 | to | £ 13,118.00 |
| 21% | £ 13,118.01 | to | £ 31,092.00 |
| 42% | £ 31,092.01 | to | £ 112,570.00 |
| 47% | £ 112,570.01 | and above | |
| Tax Rate | Taxable Income Threshold | ||
|---|---|---|---|
| 19% | £ 0.000.00 | to | £ 2,162.00 |
| 20% | £ 2,162.01 | to | £ 13,118.00 |
| 21% | £ 13,118.01 | to | £ 31,092.00 |
| 42% | £ 31,092.01 | to | £ 112,570.00 |
| 47% | £ 112,570.01 | and above | |
| Employee minimum Contribution to Company Pension Scheme in 2023 | 5% |
| Employer minimum Contribution to Company Pension Scheme in 2023 | 3% |
| Pension Annual Allowance | £ 60,000.00 |
| NIC CODE | £ 0.01 to £ 12,584.00 | £ 12,584.01 to £ 50,284.00 | £ 50,284.01 and over | A | 0% | 12% | 2% | B | 0% | 5.85% | 2% | C | 0% | 0% | 0% | F | 0% | 12% | 2% | H | 0% | 12% | 2% | I | 0% | 5.85% | 2% | J | 0% | 2% | 2% | L | 0% | 2% | 2% | M | 0% | 12% | 2% | S | 0% | 0% | 0% | V | 0% | 12% | 2% | Z | 0% | 2% | 2% |
|---|
Scotland Corporate Income Tax (CIT)
CIT includes the tax rates and thresholds that are applied when calculating taxes targeted at businesses, for example, corporation tax is a tax applied against businesses and therefore categorised as CIT.
| VAT Rate | VAT Rate Type |
|---|---|
| 0% | Zero rate |
| 5% | Reduced Rate |
| 20% | Standard Rate |
| Small profits rate | 19% |
| Main rate | 25% |
| Marginal Relief - Lower Limit | 50000 |
| Marginal Relief - Upper Limit | 250000 |
| Standard fraction | 3/200 |
In 2023, the UK Government changed the approach to Corporation tax calculations. Previously, a flat rate had been applied on company profits. The new system uses a threshold system based on the amount of company profits within the accounting year, similar to the UK income tax system. In addition, a marginal rate of relief is available for companies whose profits fall between the small profits rate and the main rate of corporation tax.
| NIC CODE | £ 0.01 to £ 9,100.00 | £ 9,100.01 to £ 25,012.00 | £ 25,012.01 to £ 50,284.00 | £ 50,284.01 and over | A | 0% | 13.8% | 13.8% | 13.8% | B | 0% | 13.8% | 13.8% | 13.8% | C | 0% | 13.8% | 13.8% | 13.8% | F | 0% | 0% | 13.8% | 13.8% | H | 0% | 0% | 0% | 13.8% | I | 0% | 0% | 13.8% | 13.8% | J | 0% | 13.8% | 13.8% | 13.8% | L | 0% | 0% | 13.8% | 13.8% | M | 0% | 0% | 0% | 13.8% | S | 0% | 0% | 13.8% | 13.8% | V | 0% | 0% | 0% | 13.8% | Z | 0% | 0% | 0% | 13.8% |
|---|
Scotland Tax Years supported by the Tax Calculator
The following tax years are supported by the Tax Calculator. Please contact us if you would like us to add further historical tax years or require additional tax information or metrics which are not currently covered within the Tax Calculator apps.