Date lodged: 31 August 2018
To ask the Scottish Government how much in VAT receipts it expects to be assigned in the 2019-20 financial year, and what its strategy will be for maximising income from these assigned revenues.
Answered by: Derek Mackay 19 September 2018
The Scottish Fiscal Commission is responsible for producing a forecast of assigned Scottish VAT receipts. Their first forecast of Scottish VAT receipts will be published in their Economic and Fiscal Forecasts, supporting the Scottish Government budget later this year.
Investing in future economic growth is central to the Scottish Government's Programme for Government. Our focus on building a sustainable economy is ensuring that Scotland is going in the right direction, with our economy growing twice as fast as the UK’s at the beginning of the year. Our Programme for Government continues to build on this success, setting out the most ambitious long-term level of infrastructure spend ever in Scotland to support jobs across the country as we transition to a low carbon economy.