Revenue Scotland has revised its view on the application of Schedule 13 of the Land and Buildings Transaction Tax (Scotland) Act 2013 (‘LBTTA’) to cases where a charity is one of a number of buyers who are or will become common owners. We now accept that Charities relief from LBTT may be claimed for the charity’s (or charities’) pro indiviso share(s) of the relevant land transaction.
Following the close of the SLfT consultation on waste fines, we have now published an analysis of the responses and the new ‘waste fines’ section of legislative guidance. This new section of guidance will implement the conditions set out by The Scottish Landfill Tax (Qualifying Material) Order 2016, and will come into force from 1 October 2016.
Revenue Scotland has collected £572m in its first full year of operation.
Scotland’s devolved tax authority, which is responsible for the administration and collection of Land and Building Transaction Tax (LBTT) and Scottish Landfill Tax (SLfT), revealed the total revenue raised when it published its 2015-2016 annual report and financial statements today. The revenue collected is transferred to the Scottish Consolidated Fund to support the delivery of public services in Scotland.
Revenue Scotland would like to remind agents of their responsibilities in respect to Arrangements Satisfactory for LBTT. Transactions for residential properties with a chargeable consideration of £40,000 and over will require an LBTT return to be made, even if no tax is due. Full details on which land transactions are notifiable for LBTT purposes and which are not can be found at LBTT4003”
On 4 August 2016, the Bank of England announced a 0.25% decrease in the base interest rate. With effect from 10 August 2016, we have amended our rates accordingly. Please visit our penalties and interest pages for more information.
SLfT guidance on the conditions that must be met before a contribution is deemed as a qualifying contributions for the purposes of the SLCF.
Terminology used in SLfT and information on exemptions
£23.6 million in Scottish Landfill Tax (SLfT) was declared payable for the latest quarter, April to June 2023 (Q1, 2023/24). The total tonnage of standard taxable waste was 240,000 in the latest quarter.
Total SLfT declared due and tonnes of standard taxable waste reported in Q1 of 2023/24 were the second lowest of any quarter, higher only than Q1 2020/21, which was likely to have been strongly affected by COVID-19 restrictions. However, the tonnes of lower rate taxable waste remained around the quarterly average, and relatively high compared to tonnes of standard rate taxable waste.
27 operators provided returns for the latest quarter, covering 47 sites.
Note - to make the information in this publication more accessible to users, charts and additional commentary have been added, as well as some formatting changes (for example, to support the use of assistive technology such as screen reader software). If you have any comments regarding these changes or the overall publication, please contact us at: statistics@revenue.scot
In his Programme for Government statement on 5 September, the First Minister Humza Yousaf, announced that the Scottish Government is pursuing the devolution of powers to introduce an Building Safety Levy in Scotland.
The levy will be payable by those operating in the residential property development sector. The exact scope and structure of the levy in Scotland will be designed by the Scottish Government in due course.