PARLIAMENTARY WRITTEN QUESTION
Taxation (29 March 2018)
Question Asked
Asked by:
Andrew Bowie (Conservative)
Answer
The Scottish Government has had control over all rates and thresholds of non-savings, non-dividends income tax in Scotland since April 2017. It is for the Scottish Government to decide how to use their tax powers to support the Scottish economy.
This Government will continue to operate a balanced approach between returning the public finances to a sustainable position while helping households and businesses, supporting our world class public services, and investing in Britain’s future. This has allowed us to cut the corporation tax to the lowest in the G20 and raise the personal allowance, saving a typical basic rate taxpayer over £1000 a year compared to 2010, and taking 1.2 million people out of income tax altogether.
This has supported the strong economy: the deficit has been cut by three quarters from its peak and there are over 3 million more people in employment since 2010.
Answered by:
Sir Mel Stride (Conservative)
17 April 2018
Contains Parliamentary information licensed under the Open Parliament Licence v3.0.