THE revenue collected by Scotland’s tax authority rose by 11% in the past year, according to a new report.
Revenue Scotland raised £707 million over that period through the two devolved taxes it collects – Land and Buildings Transaction (LBTT) and the Scottish Landfill Tax – up by £74m.
The organisation’s annual report shows LBTT rose by 15.2% to £557m between 2017/18 and the previous financial year, around £50m more than budget estimate.
The landfill tax take fell by 0.7% to £147m in the same period, down more than £1m on the Budget Act estimate.
Revenue Scotland chairman Dr Keith Nicholson said: “The amount transferred to the Scottish Consolidated Fund since Revenue Scotland operations began reached £1.8bn by 31 March 2018, underlining the importance of devolved tax to support Scotland’s public finances.”
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