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Parliamentary debates and questions

S5W-15614: Bill Bowman (North East Scotland)

Scottish Conservative and Unionist Party

Date lodged: 23 March 2018

To ask the Scottish Government how being assigned VAT revenues raised in Scotland from 2019-20 will influence its economic policy making; what steps it is taking to ensure that it will maximise these revenues, and how much it expects to collect, broken down by sector.

Answered by: Derek Mackay 17 April 2018

Growing Scotland’s economy continues to be a key priority, with investment to boost and support Scottish businesses set out in the budget.

The VAT Assignment Working Group expects to agree a Scottish VAT outturn assignment methodology this year. Forecasts of Scottish VAT will be produced by the Scottish Fiscal Commission and will be included in the Draft Budget for 2019-20.