Mackay under pressure as tax take falls short of forecast

Finance Secretary Derek Mackay.Finance Secretary Derek Mackay.
Finance Secretary Derek Mackay.
Finance Secretary Derek Mackay has come under fire after it emerged Scotland's new devolved taxes did not raise as much as the Scottish Government predicted.

In a Holyrood statement, Mr Mackay said £633 million had been raised in revenue from devolved taxes in 2016-17.

This was £38m less than had previously been estimated.

The bulk of the cash came from the Land and Buildings Transactions Tax (LBTT) which replaced stamp duty north of the Border, with this raising £484m, while the Scottish Landfill Tax brought in £149m.

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