Independent Auditor's Report
Independent auditor's report to Revenue Scotland, the Auditor General for Scotland and the Scottish Parliament
Report on the audit of the financial statements
Opinion on financial statements
Accountability Report 2020-21
Corporate Governance Report
The Directors’ Report
Revenue Scotland Board 2020-21
In line with paragraph 1 of Schedule 1 to the RSTPA, the Scottish Ministers are responsible for appointing between five and nine individuals to be members of the Revenue Scotland Board. One individual is appointed by Ministers as Chair.
Performance Report 2020-21
Overview
This overview gives a summary of Revenue Scotland’s purpose and objectives, key risks to the delivery of those objectives, together with its budget and performance for the year. Further detail is included within the Performance Analysis section on page 29.
Introduction
The performance report includes a short performance summary and an analysis section which considers performance against the strategic objectives of the Corporate Plan 2018-21. The Annual Report and Accounts for 2021-22 will report our progress against our Corporate Plan for 2021-24.
2020-21 Annual Summary of Trends in the Devolved Taxes published
Revenue Scotland has today published its Annual Summary of Trends in the Devolved Taxes 2020-21.
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.
The impact of COVID-19 on tax revenue and property transactions is evident within these statistics.
Annual Summary of Trends in the Devolved Taxes 2020-2021
Executive summary
This report describes trends in Land and Buildings Transaction Tax (LBTT) and Scottish Landfill Tax (SLfT) declared due during the first six years of devolved tax collection in Scotland, from April 2015 to March 2021.1 The impact of COVID-19 on numbers of transactions and revenue is evident within these statistics and more detail is provided below and in the relevant sections of the publication.
Notes to the Accounts
1. Statement of accounting policies
1.1 Basis of accounting
Financial Statements
Statement of Revenue and Expenditure
For the Year Ended 31 March 2021
| Note | 2020-21 £000 |
2019-20 £000 |
|
|---|---|---|---|
| Revenue | |||
| Taxes | |||
| Land and Building Transaction tax | 2.1 | 517,354 | 597,368 |
| Scottish Landfill tax |
Independent Auditor's Report
Independent Auditor’s Report to the Auditor General for Scotland and the Scottish Parliament
Reporting on the audit of the financial statements
Opinion on financial statements
Annual Report and Accounts 2020-21
Revenue Scotland has published the Annual Reports and Accounts for its resource spend as well as for the devolved taxes.
The reports, now laid in Parliament, give an outline of our key business activities and performance over the past financial year.
Despite beginning 2020-21 in the midst of the COVID-19 pandemic, we have worked hard to continue to deliver for taxpayers and their agents.
We have:
Annual Reports and Accounts 2020-21 - Resource Accounts
Statement from the Chair
I am delighted to present Revenue Scotland’s seventh Annual Report and Accounts for the Resource Accounts.