The Scottish government recently implemented changes in income tax rates for higher earners, increasing the disparity between taxes paid by affluent individuals in Scotland versus their counterparts across the UK.

Shona Robison, the finance secretary unveiled a new income tax band of 45 percent applicable to individuals earning between £75,000 and £125,140 annually.

Moreover, for earners surpassing the £125,140 mark, the top tax rate will increase from 47 percent to 48 percent starting April 2024. Meanwhile, those earning between £43,633 and £75,000 will continue to pay at a rate of 42 percent, with the threshold of £43,633 remaining unchanged