Corporate report

Second annual report on Scotland Act 2012 implementation

An overview of how the financial powers laid out in the Scotland Act 2012 have been implemented so far.

• From: Office of the Secretary of State for Scotland
• Published: 6 May 2014

This was published under the 2010 to 2015 Conservative and Liberal Democrat coalition government

Documents

Second progress report on Scotland Act 2012 implementation

PDF, 530 KB, 37 pages

Second progress report on Scotland Act 2012 implementation

PDF, 380 KB, 40 pages

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Details

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.

Published 6 May 2014