Date lodged: 20 December 2017
To ask the Scottish Government for what reason the effects of incorporations in its non-saving, non-dividends income tax revenue estimates, which it made in February 2017, were reportedly underestimated.
Answered by: Derek Mackay 11 January 2018
The Independent Scottish Fiscal Commission (SFC) are now responsible for the creation of economic and tax revenue forecasts for Scotland. Before April 2017 these forecasts were undertaken by the Scottish Government and the SFC scrutinised these forecasts. The SFC found the Scottish Government income tax forecasts produced in February 2017 to be reasonable.