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.
Terminology used in SLfT and information on exemptions
A total of £77.7m LBTT was declared by taxpayers in May 2024. This is slightly (1%) higher than April 2024 and the highest ever figure for the month of May.
Residential LBTT, excluding ADS, was £38.1m in May 2024. This is another record high for May and is £4.2m higher than May 2023.
Non-Residential LBTT, excluding ADS, was £18.1m in May 2024, down slightly from £22.9m in April 2024.
A total of 10,360 notifiable land and building transactions were reported in May 2024, which is 490 higher than in April 2024.
8,610 residential LBTT returns were submitted in May 2024, which is 7% more than in May 2023.
£12.0 million in Scottish Landfill Tax (SLfT) was declared payable for the latest quarter, January to March 2024 (Q4, 2023/24). The total tonnage of standard taxable waste was 121,200 in the latest quarter.
Total SLfT declared due in Q4 of 2023/24 was the lowest of any quarter, continuing the recent trend. It was 15% lower than last quarter.
Tonnes of standard taxable waste reported this quarter were also the lowest for any quarter, and 14% lower than the previous low in last quarter.
Total tonnes of lower rate waste were the lowest since Q4 2021/22, and 2% lower than last quarter.
26 operators provided returns for the latest quarter, covering 46 sites. Note that some sites may submit a nil return some quarters. Operators are liable to submit a return until they are de-registered.
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
On 22 May 2024, a Statutory Instrument was laid to designate tax sites for the Green Freeport Relief in relation to the Forth Green Freeport.
These regulations will come into effect on 12 June 2024.
The Designation of Special Tax Sites (Forth Green Freeport) Regulations 2024 (legislation.gov.uk) can be viewed on legislation.gov.uk.
The designated tax sites for the Forth Green Freeport are:
The Scottish Landfill Tax (Standard Rate and Lower Rate) Order 2024 has now been approved by the Scottish Parliament and came into effect on 1 April 2024. As a result, taxable disposals made or treated as made on or after 1 April 2024 will be subject to the following rates of SLfT: