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Friday
May282010

Three Scottish Cities Paying More in Income Tax than the Rest of the Country

I was amazed to read recently that three areas of Scotland seem to be a lot more expensive to live in than other parts are.  The offending reason appears to be Income Tax, as described in a recent report which looked into the area of how much Income Tax each resident of each area paid in a year.

The research was undertaken by the accountant UHY Hacker Young.  One of the main earners was Dundee, with Aberdeen and Glasgow following on behind.  Of course I should point out that the residents of these areas are not paying a rate of Income Tax that is any different from the national average with regard to percentages.  It is simply that they are earning enough to warrant paying a higher amount than some other people do.

It should also be remembered that these are averages taken over the whole area.  The aspect of this report that I found almost more interesting concerned the percentage change in tax paid in two consecutive years.  For those living in Aberdeen the increase year on year was just over nine per cent, whereas the figure for those living in Dundee was almost a full two per cent higher than that.

But while this report undoubtedly makes interesting reading, it is definitely more important to recognise that you should check you are paying the right amount of tax in the first place.  No one else will do this for you, unless you consult with us here at St Matthew of course.  We can discuss your tax affairs and implications with you, so you know you are always paying as little as is legally possible.

 



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