Revenue Scotland Board Announced
Revenue Scotland board announced ahead of it becoming a non-ministerial department on 1 January 2015.
Proposed rates and bands for LBTT and SLfT announced
The Cabinet Secretary for Finance, Employment and Sustainable Growth announced the proposed rates and bands for LBTT and SLfT on 9 October 2014 was part of his Draft Budget statement for 2015-16.
Legislation
There are a number of key pieces of UK and Scottish Parliament legislation that provide the framework for Scotland's devolved taxes and Revenue Scotland.
The Scotland Act 2012 provided the Scottish Parliament with powers to levy two new taxes in Scotland: (i) to replace UK Stamp Duty Land Tax (SDLT; tax on land and property transactions) and (ii) UK Landfill Tax (LfT; tax on disposals of waste to landfill).
The Scotland Act 2012 also provided the Scottish Parliament with powers to set a Scottish Rate of Income Tax (SRIT). The collection and management of SRIT will still be undertaken by HMRC.