The Official Report is a written record of public meetings of the Parliament and committees.
All Official Reports of meetings in the Debating Chamber of the Scottish Parliament.
All Official Reports of public meetings of committees.
Displaying 1644 contributions
Finance and Public Administration Committee [Draft]
Meeting date: 3 February 2026
Ivan McKee
What I said is that it was considered as tax policy in the round. When we calculate tax revenue in the future, the fact that this tax is tapering down will be factored into the numbers and projections.
Finance and Public Administration Committee [Draft]
Meeting date: 3 February 2026
Ivan McKee
I hear what you are saying, but tax policy is considered in the round—we look at total revenue versus total spend and do not have a separate line for environmental taxes per se. We consider each environmental tax on the basis of the behavioural change that we are driving, the impact that it will have on revenue and its longevity, rather than starting with a number and basing our policy on that. We start with the policy and work it that way round.
Finance and Public Administration Committee [Draft]
Meeting date: 3 February 2026
Ivan McKee
These schemes are regulated by the Financial Conduct Authority. It is a strict process to be identified as such. I understand what Mr Mason is saying, but I think that processes are in place to prevent that from happening. That is effectively what happens down south.
I am not sure whether my officials might want to comment on that.
Finance and Public Administration Committee [Draft]
Meeting date: 3 February 2026
Ivan McKee
You would have to get it FCA approved, Mr Mason.
Finance and Public Administration Committee [Draft]
Meeting date: 3 February 2026
Ivan McKee
It is to do with the structure of those funds. The individual is buying not the property itself but a unit share in a fund that is then buying the property.
Finance and Public Administration Committee [Draft]
Meeting date: 3 February 2026
Ivan McKee
Those are fair points, convener, and that will be a valid conversation for us to have next year. The point of keeping the tax rate at the same as the UK’s this year is to give us the data that would allow us to calculate the block grant adjustment. Without that, we would not have a level baseline that would allow us to understand what the block grant adjustment should be as we transfer the tax from UK to Scottish management.
Finance and Public Administration Committee [Draft]
Meeting date: 3 February 2026
Ivan McKee
That is not the issue. As I said, that will be a perfectly valid conversation to have next year, but the issue this year is that, if we were to have different rates of tax, it would make it difficult to agree what the block grant adjustment should be to enable the tax to be transferred in the first place.
Finance and Public Administration Committee [Draft]
Meeting date: 3 February 2026
Ivan McKee
Those are valid considerations for us to look at as we move into next year. We will be in the position of having a level BGA, which will enable us to make decisions about how we can adapt the policy for the Scottish context. I have no doubt that you will be here in spirit if not physically, Mr Mason.
Finance and Public Administration Committee [Draft]
Meeting date: 3 February 2026
Ivan McKee
Yes, indeed. We will look at that when we come to set the aggregates tax next year, as we do with other taxes in the budget. At that point, we will be able to take a perspective on the issue that you have raised.
Finance and Public Administration Committee [Draft]
Meeting date: 3 February 2026
Ivan McKee
Absolutely—I understand. Point taken.