This briefing reviews Scottish Government forecasts of tax receipts from the newly devolved Land and Buildings Transaction Tax and Scottish Landfill Tax. The briefing considers the difficulties in forecasting tax receipts, comparing Scottish Government forecasts with those of the Office for Budget Responsibility and placing this in context of recent housing market data. This briefing also considers how predicting tax receipts in Scotland could be improved in the future.
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Published: 20 November 2014