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Scottish Budget 2021
18/11/2020

Scotland’s Finance Secretary, Kate Forbes, has announced that the Scottish Government’s Budget will be published for 2021-22 on 28 January 2021. The date has been selected in order to allow the Scottish Government time to prepare for the new tax year.

This is the second time that Scotland has held a Budget before the rest of the UK. The announcement follows the UK Government’s decision to postpone its Autumn Budget until an unspecified date in the new year.

The Finance Secretary commented that:

‘Coming amidst an unprecedented global pandemic, the forthcoming Scottish Budget will be one of the most important since devolution.

It is my task to prioritise our resources as effectively as possible to drive the country’s economic recovery from coronavirus (COVID-19) while also managing the ongoing impact of the virus.

The Chancellor’s decision to delay the UK Autumn Budget until next year causes significant difficulties for the Scottish Budget process. Although we expect to receive some funding information from the UK Spending Review on 25 November, the absence of a UK Autumn Budget means we will have to make decisions based on partial and provisional information, with no indication of potential changes to UK tax policies.

In these circumstances, and to allow us to take account of the emerging position on any EU exit deal and also the evolving situation with COVID-19, I believe it is necessary to publish the Scottish Budget 2021-22 in early 2021, rather than later this year.’

The Scottish Parliament sets the Income Tax rates and bands for non-savings and non-dividend income in Scotland. Scottish taxpayers therefore pay Income Tax at separate rates and bands to the rest of the UK on their non-savings and non-dividend income.


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