This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government
An overview of how the financial powers laid out in the Scotland Act 2012 have been implemented so far.
PDF, 530KB, 37 pages
PDF, 380KB, 40 pages
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The Scotland Act 2012 represents the largest ever transfer of fiscal powers from Westminster to the devolved Scottish Parliament.
The Act was granted Royal Assent in May 2012 and represents the largest ever transfer of fiscal powers from Westminster to the devolved Scottish Parliament. These include:
- a new Scottish rate of income tax
- giving Scottish ministers borrowing powers
- the power to create new devolved taxes by a process of agreement between both governments
- enabling the replacement of UK Stamp Duty land tax and UK landfill tax with new Scottish taxes
This annual report lays out the progress made so far in implementing these powers.