Scottish tax ready reckoners: direct effects of illustrative tax changes for 2024 to 2025
This note presents a set of ready reckoners which show the estimated revenue impact of illustrative changes to Scottish Tax policy in 2024-25, including Income Tax, Land and Buildings Transaction Tax (LBTT) and Non-Domestic Rates (NDR), relative to the policies announced for 2024-25.
Scottish Landfill Tax
Ready reckoners for Scottish Landfill Tax (SLfT) are not included in this exercise. This is on the basis that SLfT is principally designed to influence behaviour rather than to raise revenue and due to the relatively small and declining amount of revenue raised.
For reference, the 2024-25 SLfT rates, forecasts and policy context are set outin the Scottish Budget.[11] The SFC forecasts show that in the context of other fully or partially devolved taxes, relatively small amounts will be raised from the tax in 2024-25 and that revenues will continue to fall in the period prior to the introduction on 31 December 2025 of the ban on landfilling biodegradable municipal waste (BMW) in Scotland.
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