Draft Budget 2018-19: Taxes

Author: Anouk Berthier and Nicola Hudson

PDF Published: Monday 18 Dec 2017 (SB 17-90)

Expand
Overview
Report

Hide

Hide

Overview
Report
- Executive Summary
- Background
- Block grant adjustments (BGAs)
  - How do block grant adjustments (BGAs) work?
  - Block grant adjustment(BGA) for income tax
  - Block grant adjustment (BGA) for Land and Buildings Transaction Tax (LBTT) and Scottish LandfillTax (SfLT)
- Scottish Fiscal Commission (SFC)
- Income Tax
  - Background
  - Draft Budget 2018-19 income tax proposals
  - Impact of income tax proposals on individuals
  - The progressivity test
  - National insurance contributions
- Land and Buildings Transaction Tax (LBTT)
- Scottish Landfill Tax (SLfT)
- Non-domestic rates
  - Background
  - Policies in 2018-19
  - NDR Account
- Annex
Sources

Image: Figure 1: NSND income tax forecast (SFC and OBR) and BGA (IPC method), 2018-19 to 2022-23

Image: Figure 2: LBTT forecast (SFC and OBR) and BGA (IPC), 2018-19 to 2022-23

Image: Figure 3: SLfT forecast (SFC and OBR) and BGA, 2018-19 to 2022-23

Image: Figure 4: Change in individual tax liability per year at selected illustrative income levels, Scotland: 2017-18 compared to 2018-19

Image: Figure 5: Individual tax liability per year, Scotland compared to rUK, 2018-19

Image: Figure 6: Income tax and NICs, 2018-19

Image: Figure 7: LBTT forecast, 2018-19 to 2022-23

Image: Figure 8: SFC NDR forecasts of contributable amounts, 2018-19 to 2022-23, £m

UK Government. (2017). The agreement between the Scottish government and the United Kingdom government on the Scottish government’s fiscal framework. Retrieved from https://www.gov.uk/government/publications/the-agreement-between-the-scottish-government-and-the-united-kingdom-government-on-the-scottish-governments-fiscal-framework [accessed 14 December 2017]

Office for budget Responsibility. (2016). Supplementary forecast information release: Devolved tax forecasts. Retrieved from http://budgetresponsibility.org.uk/docs/dlm_uploads/Devolved-supplementary-release.pdf [accessed 17 December 2017]

Eiser, D. (2017). Essentials of the Fiscal Framework. Retrieved from https://bprcdn.parliament.scot/published/2017/12/6/Income-Tax-in-Scotland--2017-update/SB%2017-84.pdf [accessed 14 December 2017]

Berthier, A. (2016). The Fiscal Framework. Scottish Parliament Information Centre (SPICe). Retrieved from http://www.parliament.scot/ResearchBriefingsAndFactsheets/S5/SB_16-88_The_Fiscal_Framework.pdf [accessed 17 December 2017]

UK Government. (2017). Fifth Annual Report on the implementation of part 3 (Financial Provisions) of the Scotland Act 2012, First Annual report on the implementation of the Scotland Act 2016.. Retrieved from https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/610562/Fifth_Annual_Report_on_the_Implementation_of_the_Scotland_Act_and_First_Annual_Report_of_the_Scotland_Act_2016.pdf [accessed 17 December 2017]

Welsh Government. (2017). Income tax. Retrieved from http://gov.wales/funding/fiscal-reform/welsh-taxes/income-tax/?lang=en [accessed 15 December 2017]

Scottish Government. (2017). Scottish rate resolution: Finance Secretary's statement. Retrieved from https://beta.gov.scot/publications/scottish-rate-resolution-finance-secretary-statement/ [accessed 14 December 2017]

Scottish Parliament. (2017). Standing Orders. 5th Edition, 5th Revision. Retrieved from http://www.parliament.scot/Parliamentaryprocedureandguidance/SOEd05Rev05201705.pdf [accessed 14 December 2017]

Scottish Parliament. (2017). Meeting of the Parliament. Retrieved from http://www.parliament.scot/parliamentarybusiness/report.aspx?r=11263&mode=pdf [accessed 12 December 2017]

Berthier, A. (2017). Income Tax in Scotland: 2017 update. Retrieved from https://bprcdn.parliament.scot/published/2017/12/6/Income-Tax-in-Scotland--2017-update/SB%2017-84.pdf [accessed 18 December 2017]

Institute for Fiscal Studies. (2011). Tax by design. Retrieved from https://www.ifs.org.uk/publications/5353 [accessed 14 November 2017]

UK Government. (2017). Stamp Duty Land Tax: Relief for first time buyer. Retrieved from https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/661728/8274_guidance_note_SDLT_relief_for_first_time_buyers.pdf [accessed 15 December 2017]

Scottish Government. (2017). The Scottish Government Non Domestic Rating Account for the year ended 31 March 2017. Retrieved from http://www.gov.scot/Resource/0052/00528644.PDF [accessed 18 December 2017]

Audit Scotland. (2017). he 2016/17 audit of the Scottish Government's Non-Domestic Rating Account. Retrieved from http://www.audit-scotland.gov.uk/report/the-201617-audit-of-the-scottish-governments-non-domestic-rating-account [accessed 18 December 2017]

Last Updated: 7/7 4:23pm

An error occured while loading, please try again in a few minutes.