Annual Report and Accounts 2019/20 - Resource Accounts
Statement from the Chair
Dr Keith Nicholson
I am delighted to present Revenue Scotland's fifth Annual Report and Accounts for the Resource Accounts.
Footnotes
- The Scottish Government Fiscal Framework governs how the Scottish Government is funded by the powers set out in the Scotland Act 2016.
- Revenue Scotland Statistics
- Revenue Scotland Corporate Documents
- 'Limited' assurance is where controls are developing but weak.
Devolved Taxes Account 2019-20: Financial Statements
Statement of Revenue and Expenditure
For the Year Ended 31 March 2020
| Note | 2019-20 £000 |
2018-19 £000 |
|
|---|---|---|---|
| Revenue | |||
| Taxes | |||
| Land & Buildings Transaction Tax | 2.1 | 597,368 | 554,185 |
| Scottish Landfill Tax | 2.1 | 118,959 | 148,517 |
Independent Auditor's Report
Independent auditor's report to the Auditor General for Scotland and the Scottish Parliament
Report on the audit of the financial statements
Opinion on financial statements
Accountability Report 2019-20
Corporate Governance Report
Statement of the Accountable Officer's Responsibilities
Annual Report and Accounts 2019/20 - Devolved Taxes Accounts
Foreword
Welcome to the Revenue Scotland Annual Report and Accounts for the Devolved Taxes for 2019-20. This is the fifth reporting year since the organisation began its operational activity in April 2015, and also the second reporting period of Revenue Scotland's 2018-21 corporate planning period.
Scottish Landfill Tax
Scottish Landfill Tax (SLfT) is paid on the disposal or unauthorised disposal of waste to landfill and is charged by weight.
Land and Buildings Transaction Tax
LBTT is a tax applied to residential and commercial land and buildings transactions (including commercial properties and commercial leases) where a chargeable interest is acquired.