Publication - Corporate report

Fiscal framework outturn report: 2020

The Fiscal Framework Outturn Report 2020 publishes outturn and reconciliation information for Scottish Income Tax, Scottish Landfill Tax, Land and Buildings Transaction Tax and devolved Social Security benefits, as well as updates on borrowing and the Scotland Reserve.

Fiscal framework outturn report: 2020
6. Proceeds of Crime

6. Proceeds of Crime

6.1 Revenue seized under the Proceeds of Crime Act 2002 is also subject to a BGA. The basis on which this is carried out is currently the subject of dispute between the Scottish and UK Governments and the BGA remains at -£4m while the dispute remains unresolved.[4]  The Scottish Government will seek to address this issue as part of the review of the Fiscal Framework.

6.2 This report uses provisional 2019-20 outturn revenue data. The final revenue data will be published as part of the Scottish Government’s Consolidated Accounts.

6.3 Table 13 shows the net effect on budget for 2019-20, comparing outturn data for revenues and BGAs with forecasts for the same.

Table 13: POC Budget Position for 2019-20 Compared with Forecasts (£ million)
Revenues BGA Net effect on Budget
Forecast as of Budget Act 2019 5.0 -4.3 +0.7
Provisional Outturn 6.3 -4.3 +2.0
Provisional Outturn against forecast +1.3   0.0 +1.3

6.4 No reconciliation takes place while the BGA remains the subject of dispute between the Scottish and UK Governments.

6.5 Table 14 compares forecasts of the net budget position for PoC in 2020-21. As with 2019-20, this is not expected to lead to a reconciliation.

Table 14: Forecast POC Budget Position for 2020-21 (£ million)
Revenues BGA Net effect on Budget
Forecast as of Budget Act 2020 5.0 -4.3 +0.7
Latest Forecast 5.0 -4.3 +0.7
Change 0.0   0.0 +0.7

Contact

Email: martin.hay@gov.scot