Sandra Gilchrist, Head of Tax for Scotland at KPMG UK, said: “Raising the lower tax rate thresholds will be welcomed by some employees. However, others may be disappointed that the high marginal rate for those earning between around £44,000 and £50,000 remains, despite pre-Budget rumours the Finance Secretary might address this anomaly. 

“Further business rates relief should provide important support for many businesses, particularly across retail, hospitality and leisure, which have faced sustained pressure in recent years.

“Ultimately, Scotland’s economic prospects are closely tied to the success of the private sector. Creating the right conditions for businesses and people to invest and grow and will be key to supporting long-term economic success.”