Revenue Scotland has today published its ‘Annual Summary of Trends in the Devolved Taxes 2019-20’. This comprehensive report gives an insight into the performance trends of Land and Buildings Transaction Tax (LBTT) and Scottish Landfill Tax (SLfT) since tax operations began in April 2015.

Key points from the publication highlight that:

The recruitment exercise for the next Chair of Revenue Scotland has launched today (Monday 7 December).  The appointment is for an initial 3 years, with the potential for reappointment to a total of no more than 8 years.  A candidate information pack and instructions on how to apply is available on the Scottish Government Public Appointments website.

26 November 2020

Revenue Scotland has today (26 November) published its Annual Reports and Accounts 2019-20. 

15 July 2020

The ‘Land and Buildings Transaction Tax (Tax Rates and Tax Bands)(Scotland) Amendment (No.2) (Coronavirus) Order 2020’  has now been approved by the Scottish Parliament and came into effect on 15 July 2020. As a result, there will be a temporary increase in the nil rate band for LBTT residential property transactions from £145,000 to £250,000.

The change will be introduced with effect from Wednesday 15 July 2020 and remain in place until 31 March 2021.

10 July 2020

Finance Secretary Kate Forbes announced today (10 July) that a temporary increase in the nil rate band for LBTT residential property transactions from £145,000 to £250,000 will be introduced with effect from next Wednesday (15 July) and remain in place until 31 March 2021.

The revised rates and bands will only apply to transactions with an effective date on or after 15 July 2020.

Rates for the Additional Dwelling Supplement (ADS) and non-residential LBTT remain unchanged.

9 July 2020

The Scottish Government today announced that the nil rate band for Land and Buildings Transaction Tax (LBTT) for residential property transactions will be temporarily increased from £145,000 to £250,000.

The change will be introduced as soon as possible - time is required for Scottish Government to prepare legislation and Revenue Scotland to enable the policy change. Once introduced, the change will remain in place until 31 March 2021.

Rates for the Additional Dwelling Supplement (ADS) and non-residential LBTT remain unchanged.

27 May 2020

Guidance updated to reflect Coronavirus (Scotland) (No.2) Act 2020

Revenue Scotland has updated its guidance to reflect the changes resulting from the Coronavirus (Scotland) (No.2) Act 2020 which received Royal Assent on 26 May 2020.

The changes included in Schedule 4, Part 4 of the Act take effect from today (27 May 2020).

Thursday 21 May 2020

2 April 2020 

The Scottish Landfill Tax (Standard Rate and Lower Rate) Order 2020 has now been approved by the Scottish Parliament and came into effect on 1 April 2020. As a result, taxable disposals made or treated as made on or after 1 April 2020 will be subject to the following rates of SLfT: