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
£32.5 million in Scottish Landfill Tax (SLfT) was declared payable for the latest quarter, April to June 2021.
Total SLfT declared due and tonnes of taxable waste disposed have gradually declined year on year since SLfT was introduced in 2015, while the standard rate of tax has increased by 2-3 per cent each year. This decline became steeper from the third quarter of 2018-19 (October to December 2018) onwards, although it has flattened off recently.
Typically, more taxable waste is declared for April to September each year than for October to March. 2020 broke this pattern: April to June 2020 saw unusually low taxable disposals (40 per cent less SLfT declared due than the same quarter of the previous year), during the first UK-wide lockdown of the COVID-19 pandemic. Similar patterns were seen for other parts of the UK. From July to December 2020, SLfT declared due returned to a slightly higher level than the same two quarters of the previous year. It is difficult to separate out the impact of the COVID-19 pandemic on SLfT from the underlying trend, but the large drop in revenue in Q1 2020-21 (and subsequent recovery in later quarters) is likely to have been strongly affected by COVID-19 restrictions.
April to June 2021 saw 76 per cent more SLfT declared due than April to June 2020 (the quarter heavily impacted by COVID restrictions), and 5 per cent more than April to June 2019. This quarter marks the highest tax declared due since October to December 2018.
27 operators provided returns for the latest quarter, covering 47 sites.
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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.
A total self reported tax liability of £82.7m was declared by taxpayers in August 2021, £4.2m higher than July 2021, and £50.6m higher than August 2020.
In comparison to the previous month, residential liabilities increased by £2.7m and non-residential liabilities increased by £1.5m.
A total of 12,100 notifiable land and building transactions were reported in August 2021, which is 240 less than July 2021, and 4,640 more than August 2020.