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Response to GERS Queries - Revenues apportioned by population

Q: What revenues are apportioned to Scotland on a population basis, and what is the value of these revenues?

A: The table below provides a description of the UK revenues of which Scotland is apportioned a population share in Government Expenditure & Revenue Scotland (GERS) 2014-15.  The value of this Scottish share is also shown.

Scottish values of revenue lines apportioned to Scotland on a population basis (£m)

Description
2011-12 2012-13 2013-14 2014-15 2015-16
Onshore revenues          
Fishing licences 1.8 1.8 1.7 1.7 1.7
Interest and dividends (net), Central Government 754.5 1320.7 1600.7 1456.1 1272.7
Interest and dividends (net), Local Government  -211.0 -52.8 -77.8 -63.7 -97.3
Interest and dividends (net), Bank of England -2.6 -729.1 -1019.5 -895.9 -711.4
Emissions trading scheme - revenue from overseas government activity 0.0 0.0 0.0 0.0 0.0
UK Revenue Accounting Adjustment 2.1 2.1 -30.0 -107.6 -98.9
Offshore revenues when apportioned on a population basis
North Sea Corporation Tax 739.5 367.5 295.2 171.4 44.4
Petroleum Revenue Tax 170.0 144.8 92.9 6.4 -46.4
Emissions trading scheme - offshore emissions 1.5 1.3 1.6 2.6 2.3

Note: The UK Revenue Accounting Adjustment reconciles the GERS UK revenue total from the ONS UK Economic Accounts 2016Q1 to the latest UK revenue total from the ONS Public Sector Finances published in July 2016.

Note that UK revenues from the Emissions Trading Scheme are not separated out by ONS.  This is estimated by the Scottish Government, as set out in Box 3.2 of GERS 2012-13:
http://www.gov.scot/Publications/2014/03/7888/5