News

Three new members have been appointed to the Board of Scotland's tax authority, Revenue Scotland. The appointment of previous Presiding Officer of the Scottish Parliament (2016-21) Rt Hon Ken Macintosh, digital transformation and emerging technologies expert Idong Usoro, and Robert MacIntosh, Professor of Strategic Management and Pro Vice Chancellor for Business and Law at Northumbria University, have today been announced by the Minister for Public Finance, Planning and Community Wealth, Tom Arthur.

The Scottish Landfill Tax (Standard Rate and Lower Rate) Order 2022 has now been approved by the Scottish Parliament and came into effect on 1 April 2022. As a result, taxable disposals made or treated as made on or after 1 April 2022 will be subject to the following rates of SLfT:

Revenue Scotland will be updating the online tax collection system (SETS) on Friday 28 January 2022. This update will introduce a number of changes and enhancements to both the SETS portal and also internal back-office functionality. Introduction of this important update will require a short period of downtime. ** The SETS portal will be unavailable to all users and for all services on Friday 28 January from 18:00 – 21:00. ** Summary details of new functionality being introduced to the SETS portal:

22 December 2021 On 16 December 2021, the Bank of England announced a 0.15% increase in the base interest rate (now 0.25%). Revenue Scotland has amended its rates accordingly and these will take effect from Wednesday 22 December 2021.

Revenue Scotland has today published its Annual Summary of Trends in the Devolved Taxes 2020-21.  This comprehensive report gives an insight into the performance trends of Land and Buildings Transaction Tax (LBTT) and Scottish Landfill Tax (SLfT) since tax operations began in April 2015. The impact of COVID-19 on tax revenue and property transactions is evident within these statistics.

Revenue Scotland has published the Annual Reports and Accounts for its resource spend as well as for the devolved taxes. The reports, now laid in Parliament, give an outline of our key business activities and performance over the past financial year. Despite beginning 2020-21 in the midst of the COVID-19 pandemic, we have worked hard to continue to deliver for taxpayers and their agents. We have:

On Tuesday 30 November, we published our third Corporate Plan 2021-24 after it was laid in Parliament. The Corporate Plan 2021-24 outlines the purpose, vision, strategic objectives and performance measures for Revenue Scotland. Together, these will help us continue our work in raising revenue to support public services across Scotland.

Land and Buildings Transaction Tax (LBTT) key operational update for agents and tax professionals.