Revenue Scotland and Tax Powers Act 2014 section 5

Payments into the Scottish Consolidated Fund

Section 5 sets out how Revenue Scotland must handle the money it receives, requiring it to pay funds into the Scottish Consolidated Fund while allowing certain deductions for repayments.

• Revenue Scotland must pay all money it receives through its functions into the Scottish Consolidated Fund
• Before paying money in, Revenue Scotland may deduct amounts relating to repayments it owes to taxpayers
• Deductions may also include interest paid on those repayments
• This applies equally to actual repayments and to payments that are treated as repayments