Notes to the accounts
Statement of accounting policies
Basis of accounting
Independent Auditor's Report
Reporting on the audit of the financial statements
Opinion on financial statements
Accountability Report
Corporate governance report
Statement of the Accountable Officer’s responsibilities
Summary Financial Data
Devolved taxes 2019-25
| Category |
2019-20 £000 |
2020-21 £000 |
2021-22 £000 |
2022-23 £000 |
2023-24 |
|---|
Notes to the Accounts
Statement of Accounting Policies
Basis of accounting
Independent Auditor's Report
Reporting on the audit of the financial statements
Opinion on financial statements
Accountability Report
Corporate Governance Report
The Directors’ Report
Revenue Scotland Board 2024-25
In line with paragraph 1 of Schedule 1 of the RSTPA, the Scottish Ministers are responsible for appointing between five and nine individuals to be members of the Revenue Scotland Board. One individual is appointed by Ministers as Chair.
Performance Report
Performance overview
Introduction
This section outlines Revenue Scotland’s purpose and vision, our key activities, organisational structure, strategic objectives, and the key risks we faced during the financial year.
Annual Report and Accounts 2024-25 - Devolved taxes accounts
Foreword
Welcome to the Revenue Scotland Annual Report and Accounts for the Devolved Taxes for 2024-25.
Revenue Scotland is responsible for the collection and management of Scotland’s devolved taxes: currently Land and Buildings Transaction Tax (LBTT) and Scottish Landfill Tax (SLfT). Amounts received from the collection of the devolved taxes, less any permitted deductions, are paid into the Scottish Consolidated Fund in accordance with the Revenue Scotland and Tax Powers Act 2014 (RSTPA).
Annual Report and Accounts 2024-25 - Resource Accounts
Chair’s Statement
I am delighted to report another year of substantial progress for Revenue Scotland. With record collections, we have kept our cost of operations as low as possible, while continuing to invest for the future.
As you will read from the detailed report we have begun to implement our Corporate Plan for 2024-27 and the strategic priorities it sets out and this remains our focus over the coming years. Our annual business plan supports our delivery across all four outcomes and I wanted to highlight a few important areas.