Scotland's Deputy First Minister, John Swinney, delivered the Budget statement: 2023 to 2024 on 15 December 2022. One of the key tax-related measures of the budget is the revision of the individual income tax rate/brackets, including an increase in the higher and top individual income tax rates by 1% each and a reduction in the top rate threshold from GBP 150,000 to as follows:

• GBP 12,571* to…