News

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.

Revenue Scotland is delighted to announce the appointment of Aidan O’Carroll as our new Chair. Aidan O’Carroll is a former senior partner at EY, one of the world’s largest professional services firms, which he left in July 2020 after 35 years.

Revenue Scotland is pleased to confirm that changes announced in the Scottish Budget 2021-2022 to both Land and Buildings Transaction Tax (LBTT) and Scottish Landfill Tax (SLfT) have now been successfully introduced and take effect from today (1 April 2021). Land and Building Transaction Tax (LBTT) updates The Scottish Budget 2021-2022 confirmed that the ceiling of the nil rate band for residential LBTT will return, as planned, to £145,000 for transactions with an effective date after 31 March 2021.

Revenue Scotland has today published its ‘Annual Summary of Trends in the Devolved Taxes 2019-20’. 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. Key points from the publication highlight that:

The recruitment exercise for the next Chair of Revenue Scotland has launched today (Monday 7 December).  The appointment is for an initial 3 years, with the potential for reappointment to a total of no more than 8 years.  A candidate information pack and instructions on how to apply is available on the Scottish Government Public Appointments website.