Box sets » Devolved tax and spending forecasts - March 2026

Scottish income tax and Welsh rates of income tax receipts in 2023-24 were higher than forecast. In this box, we assessed the reasons for these forecast differences.

Scottish and Welsh property transaction tax receipts in 2024-25 were higher than forecast. In this box, we explored the reasons for these forecast differences, including how a faster-than-expected recovery in the residential property market contributed.