Scottish taxes
Posted on 16 Aug 2021
LBTT introduction prompts mammoth fall in tax receipt value
Analysis has shown that in April, the first month that the land and buildings transaction tax (LBTT) replaced UK-wide stamp duty in Scotland, just £7m was collected in tax receipts – compared with £17.7m collected in the same month a year earlier. This casts massive doubt on Scotland"s ability to generate the tax revenues it needs to achieve fiscal independence say Harris & Co chartered accountants Northampton
