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Scottish Budget Draft Budget 2016-17: Devolved Taxes – Forecasting Methodology

Scottish Budget Draft Budget 2016-17: Devolved Taxes – Forecasting Methodology

Wednesday, December 16, 2015

ISBN: 9781785449239

An overview of the approach which the Scottish Government has taken in preparing the devolved tax forecasts presented in the 2016-17 Draft Budget.

Executive Summary

This paper provides an overview of the approach which the Scottish Government has taken in preparing the devolved tax revenue forecasts presented in the 2016-17 Draft Budget.

The spending plans set out in the 2016-17 Draft Budget will be part-funded by revenues from two taxes established by the Scottish Parliament - Land and Buildings Transaction Tax (LBTT) and Scottish Landfill Tax (SLfT) - which replaced existing UK taxes from April 2015 under powers devolved by the Scotland Act 2012.