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
A total self reported tax liability of £50.9m was declared by taxpayers in February 2023.
The tax liability, excluding ADS, declared in February 2023 was £36.0m. This is £3.9m less than January 2023, and £14.6m less than February 2022.
In comparison to the previous month, residential liabilities, excluding ADS, decreased by £1.5m and non-residential liabilities, excluding ADS, decreased by £2.4m.
A total of 7,000 notifiable land and building transactions were reported in February 2023, which is 50 more than January 2023, and 1,060 fewer than February 2022.
Revenue Scotland has decided to remove the 12 month authority to act time limit to allow us to provide a more efficient service to our taxpayers and agents.
From 19 March 2023, the 12 month authority to act limit for all future tax returns received will no longer be applicable. Agents will retain authorisation status unless we are notified by either the taxpayer or the agent.
Conveyance tax returns submitted prior to 19 March 2023
£26.0 million in Scottish Landfill Tax (SLfT) was declared payable for the latest quarter, October to December 2022 (Q3, 2022/23). The total tonnage of standard taxable waste was 279,300 in the latest quarter.
Total SLfT declared due and tonnes of taxable waste reported in Q3 of 2022/23, was the lowest in any Q3. Compared to Q1 and Q2 of this year (2022/23), the standard rate of waste going to landfill was down by around 13%, although historically the second half of the financial year sees lower volumes of waste going to landfill. 2020/21 broke this pattern with the large drop in revenue in Q1 2020/21 and subsequent recovery in later quarters likely to have been strongly affected by COVID-19 restrictions. However, the latest data suggest that 2022/23 has returned to this previous pattern.
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