The Scottish Fiscal Commission reported today that income tax revenue grew more slowly between 2016-17 and 2018-19 than it forecast when the 2018-19 Scottish Budget was set. At the same time, revenue growth in the rest of the UK was faster than forecast by the OBR.  Income tax funding in the 2018-19 Scottish Budget was based…

The Scottish Government has today laid secondary legislation in the Scottish Parliament for the Scottish Child Payment. This is a new form of social security assistance to help tackle child poverty and provide additional support for low income families, with payments starting from end of February 2021. Scottish Child Payment is equivalent to £10 per…

On this page, you can find the video of our webinar held on 3 September 2020.

In its Fiscal Update published today, the Scottish Fiscal Commission shows the Scottish Budget has increased by £3 billion since the Scottish Government presented its Summer Budget Revision to Parliament in May 2020. The UK Government has responsibility for the UK-wide economic and fiscal response to the current pandemic. In total the UK Government has…

The Scottish Government has today laid secondary legislation in the Scottish Parliament for Child Winter Heating Assistance. This is a new form of assistance to support eligible families with their heating costs and the first payments will be made this winter. Child Winter Heating Assistance entitles children who receive the highest rate of care on…

The Scottish Fiscal Commission has estimated the cost of the change in residential Land and Buildings Transaction Tax (LBTT) announced last Thursday by the Scottish Government. Previously, residential property purchasers in Scotland paid LBTT at a rate of 2 per cent on transactions between £145,001 and £250,000. The Government has now introduced legislation that temporarily…

The Scottish Fiscal Commission has today published estimates of the costs of two Scottish Government policy changes included in the Coronavirus Bill. We have estimated the cost of a temporary extension to the period in which those who have paid the Additional Dwelling Supplement (ADS) can sell their previous main residence and qualify to claim…

The Scottish Fiscal Commission has today published an update on the Scottish Government’s Budget in the light of the significant changes in spending commitments and funding since our forecast on 6 February. The combined effect of the Scottish Government’s Budget deal and the UK Budget on 11 March is an increase in spending of £247…

The Scottish Fiscal Commission has today published updated forecasts of income from Non-Domestic Rates (NDR) to reflect the Scottish Government’s commitments to support businesses in response to Covid-19. The Scottish Government has announced a relief for all ratepayers for the financial year starting in April. This relief effectively reduces the tax rate for all properties,…

The Scottish Fiscal Commission today emphasised the growing size and complexity of Scotland’s budget when it published its latest five year forecasts. Two key elements of the fiscal framework, which sets out the arrangements for funding devolution to Scotland, will soon come into operation. April 2020 will see a further £3 billion of social security…