The 2017 Budget held many important points for individuals and organisations alike. Download our pdf summary of changes and points to consider.

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Scottish Budget 2016/17 Measures Announced

John Swinney, Deputy First Minister today (16 December 2015) outlined his vision for the Scottish economy in his Budget announcement to Holyrood. This comes in the face of the current debate in Westminster over the Scotland Bill, which contains a proposal for greater controls over income tax but would not come into force until 2017 at the earliest. Mr Swinney added that he aims to set out a longer term vision on income tax ahead of the May 2016 election.

Other key announcements included:

  • Scottish Rate of Income tax will be set at 10p in the pound recognising that any increase will have a greater impact on low earners and will be reviewed in 2017
  • A 3% levy on Land and Buildings Transaction Tax on the purchase of some second homes from April 2016
  • Increase in free childcare for three and four year olds to 1,140 hours per year in the next parliament
  • £33m for a school attainment programme to try and close the attainment gap between the wealthiest and most deprived pupils
  • Council tax to be frozen for the ninth consecutive year
  • An additional £55m for Police Scotland
  • An extra £45m next year for the NHS to fund improvements and develop new models of primary health care
  • An increase of £90m for affordable housing for next year
  • £4m for south of Scotland flood relief
  • A review of the business rates system to be launched

If you have a query about any items announced today, please contact Hazel Gough.

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