Alan Turner, partner and head of tax for KPMG in Scotland comments on Budget 2018.
Alan Turner, partner and head of tax for KPMG in Scotland, said:
“Bringing forward the commitments made in the Conservative’s election manifesto to increase the personal allowance to £12,500 and higher rate threshold to £50,000 from April 2020 to April 2019, the Chancellor has posed a challenge to Derek Mackay as he prepares for the Scottish Budget on 12 December. If he does not follow the Chancellor’s changes, the divergence between income tax paid by higher earning taxpayers in Scotland and the rest of the UK would become more significant.”
Follow us on twitter: @kpmguk #Budget2018
For further information please contact:
KPMG Press office
T: +44 (0) 207 694 8773
Phil Addicott, KPMG Corporate Communications
M: 07824 666956
KPMG LLP, a UK limited liability partnership, operates from 22 offices across the UK with approximately 14,500 partners and staff. The UK firm recorded a revenue of £2.2 billion in the year ended 30 September 2017. KPMG is a global network of professional firms providing Audit, Tax, and Advisory services. It operates in 154 countries and territories and has 200,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.