Financial year 2022-2023 Income tax raised in Scotland: FoI release

Information requested

1. How much money was raised via income tax in Scotland in the year 1 April 2022 to 31 March 2023?
2. How much money was raised by each tax band in Scotland, over the same period?
3. What percentage each tax band contributed to the overall income tax revenue for the Scottish Government, over the same period?”

Response

The answers to your questions can be found below.
His Majesty’s Revenue and Customs (HMRC) publish outturn statistics annually, showing the revenue raised from Scottish Income Tax. This covers only income tax from non-savings and non-dividend income. Figures for 2022-23 are not yet available and will be published in Summer 2024. Figures for the years 2016-17 to 2021-22 are available at: Scottish rate of Income Tax - GOV.UK (www.gov.uk) 

Although outturn figures for 2022-23 are not yet available, forecasts are produced by the Scottish Fiscal Commission (SFC). Their latest forecast is for £14.8 billion to be raised from Scottish Income Tax in
2022-23. Figure S4.5 in the supplementary figures for Chapter 4 also provides a full breakdown of forecast tax receipts by tax band. I have provided these numbers below for your convenience. 

The percentage shares for each tax band can be calculated from this table.
Table 1: SFC Income Tax by Band forecast (Published May 2023)
 

Income Tax Rate	2022-23 (£M)	% of Liabilities
Starter rate	56	0.4%
Basic rate	1,589	10.8%
Intermediate rate	3,892	26.4%
Higher rate	6,856	46.4%
Top rate	2,371	16.1%
Total	14,764	100%

 

The Scottish Fiscal Commission forecasts are available at:
Scotland’s Economic and Fiscal Forecasts – May 2023 – Scottish Fiscal Commission
Note that these forecasts will be updated alongside the 2024-25 Scottish Budget.

 

About FOI

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