Financial Statements 2022-23
Statement of comprehensive net expenditure
For the Year Ended 31 March 2023
| Note |
2022-23 Administration £000 |
2022-23 Programme £000 |
2022-23 |
Independent Auditor’s Report
Independent auditor’s report to Revenue Scotland, the Auditor General for Scotland and the Scottish Parliament
Accountability Report
The Directors’ Report
Revenue Scotland Board 2022-23
Performance Report
Performance Overview
Introduction
This overview provides a concise summary of Revenue Scotland’s purpose and objectives, along with a detailed account of its budget and performance for the year. The report outlines the key risks that were identified and managed in the achievement of those objectives. In the Performance Analysis section, included in the report on page 29, there is a comprehensive elaboration on these topics
Annual Report and Accounts 2022-23 - Devolved Taxes Accounts
Foreword
Welcome to the Revenue Scotland Annual Report and Accounts for the Devolved Taxes for 2022-23.
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 2022-23 - Resource Accounts
Statement from the Chair
I am delighted to be able to report another year of positive progress at Revenue Scotland.
Revenue Scotland update on Secure Message Service (SMS)
Operational change
From 4 December 2023, Revenue Scotland will default to undertaking written tax related correspondence with registered SETS users via SMS through our SETS portal.
Tax related emails received by Revenue Scotland will receive a response informing you that the request should be resubmitted via SMS on the SETS portal.
New Green Freeports guidance released
We have introduced guidance for our new tax relief on Green Freeports which come into effect on 1 October 2023.
The guidance includes the overview of the tax relief, key terms, how to claim the relief and also how to withdraw the relief.
Revenue Scotland responds to Programme for Government
In his Programme for Government statement on 5 September, the First Minister Humza Yousaf, announced that the Scottish Government is pursuing the devolution of powers to introduce an Building Safety Levy in Scotland.
The levy will be payable by those operating in the residential property development sector. The exact scope and structure of the levy in Scotland will be designed by the Scottish Government in due course.