Financial Statements

Statement of Revenue and Expenditure

For the year ended 31 March 2026

	Notes	Total 2025-26 £'000	Total 2024-25 £'000
LBTT	2.1	952,039	899,162
SLfT	2.1	55,478	55,938
Total tax		1,007,517	955,100
Penalties	2.2	4,809	5,580
Interest	2.2	683	877
Total penalties/interest		5,492	6,457
Total revenue		1,013,009	961,557
Interest paid	3.1	(2,606)	(2,548)
Impairment	3.2	(6,236)	(6,457)
Write off	3.2	(2,058)	1
Total expenditure		(10,900)	(9,004)
Net revenue for Scottish Consolidated Fund		1,002,109	952,553

There were no recognised gains or losses accounted for outside the Statement of Revenue and Expenditure.

For the year ended 31 March 2026

	Notes	2025-26 £'000	2024-25 £'000
Current assets
Receivables	4.1	13,043	25,734
Accrued revenue receivable	4.1	21,819	31,374
Cash	5	54,929	116,248
Total current assets		89,791	173,356
Current liabilities
Payables and on account balances	6	(4,929)	(6,647)
Total current liabilities		(4,929)	(6,647)
Net current assets		84,862	166,709
Total assets less current liabilities		84,862	166,709
Total net assets		84,862	166,709
Net revenue for Scottish Consolidated Fund	7	84,862	166,709

The Chief Executive and Accountable Officer authorised these financial statements for issue on

Signed by:

Chief Executive Officer
9 October 2026

For the year ended 31 March 2026

	Notes	2025-26 £'000	2024-25 £'000
Net cash flow from operating activities		1,022,637	942,525
Cash paid to Scottish Consolidated Fund	7	(1,083,956)	(882,292)
Increase/(Decrease) in cash in this period	5	(61,619)	60,233
Net revenue for Scottish Consolidated Fund	SoRE	1,002,109	952,553
Decrease/(increase) in non-cash assets	4.1	22,246	(12,820)
Increase/(decrease) in liabilities	6	(1,718)	2,792
Net cash flow from operating activities		1,022,637	942,525
Net cash flow from investing activities		-	-
Net cash flow from financing activities		-	-
Increase/(decrease) in cash		(61,319)	60,233
Net Funds 1 April		116,248	56,015
Net Funds 31 March	5	54,929	116,248