Revenue Scotland revises view on Partial Charities Relief
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.
Waste Fines Consultation Analysis
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 publishes its first annual report
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.
Reminder of agent reponsibilities for LBTT Arrangements Satisfactory
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”
Interest rate change effects on Revenue Scotland
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 and Exemptions
Terminology used in SLfT and information on exemptions.
Terminology used in SLfT and information on exemptions
News, Publications and Events
Find out about the latest news, events and publications from Revenue Scotland.
Monthly LBTT Statistics
Key points
- A total of £85.6m LBTT was declared by taxpayers in August 2024, the highest total recorded for the month of August and the third highest total for any month. It was 10% (£9.5m) lower than July 2024, which was the highest monthly figure to date.
Quarterly SLfT Statistics
Commentary
£15.5 million in Scottish Landfill Tax (SLfT) was declared payable for the latest quarter, April to June 2024 (Q1, 2024/25). The total tonnage of standard taxable waste was 152,700 in the latest quarter.
The total SLfT declared due in Q1 of 2024/25 is the lowest of any Q1, but higher than the two previous quarters (Q3 and Q4 of 2023/24). It was 29% higher than last quarter.
Aidan O’Carroll, Chair, reappointed to the Revenue Scotland Board
We are pleased to confirm that Aidan O’Carroll has been reappointed as Chair of the Revenue Scotland Board by Ivan McKee MSP, Minister for Public Finance.
Aidan O’Carroll has been Revenue Scotland Chair since August 2021, where his extensive experience has helped to give insights into wider regulatory trends, organisational transformations as well as being a leadership mentor, which are of great value to Revenue Scotland.