The CIOT has responded to the Scottish Parliament’s Finance and Public Administration Committee call for views on the Aggregates Tax and Devolved Taxes Administration (Scotland) Bill. Key points raised in the CIOT response include:
The proposed Scottish Aggregates Tax provisions are broadly consistent with the existing UK aggregates levy, which the CIOT says should assist with simplicity, continuity and familiarity for affected businesses. Some provisions (such as the very wide ‘ancillary provisions’ power) should be embedded fully within the draft Bill for the purposes of greater certainty, scrutiny and transparency.
Further consideration may need to be given to address how levy is allocated correctly to HMRC and Revenue Scotland, given the extent of cross-border transactions between Scotland and the rest of the UK.
The penalty provisions seem appropriate but the CIOT suggests quarry operators should not also be subject to a 100% penalty where a customer makes an incorrect tax credit claim for industrial and agricultural process relief.
The Committee intends to report back on the consultation outcome in April or May 2024.
The CIOT has responded to the Scottish Parliament’s Finance and Public Administration Committee call for views on the Aggregates Tax and Devolved Taxes Administration (Scotland) Bill. Key points raised in the CIOT response include:
The proposed Scottish Aggregates Tax provisions are broadly consistent with the existing UK aggregates levy, which the CIOT says should assist with simplicity, continuity and familiarity for affected businesses. Some provisions (such as the very wide ‘ancillary provisions’ power) should be embedded fully within the draft Bill for the purposes of greater certainty, scrutiny and transparency.
Further consideration may need to be given to address how levy is allocated correctly to HMRC and Revenue Scotland, given the extent of cross-border transactions between Scotland and the rest of the UK.
The penalty provisions seem appropriate but the CIOT suggests quarry operators should not also be subject to a 100% penalty where a customer makes an incorrect tax credit claim for industrial and agricultural process relief.
The Committee intends to report back on the consultation outcome in April or May 2024.
