The Scottish Government could be losing out on almost £700m of revenue from income tax because of weaker economic growth north of the border.
The Scottish Fiscal Commission (SFC) - whose remit it is to forecast how much tax policies will raise for ministers - said differences in tax policy between Scotland and the rest of the UK “should be contributing around £1bn to the income tax net position in 2023-24”.
When the draft budget for 2023-24 was announced last month, Deputy First Minister John Swinney insisted it would “raise around £1bn more next year than if we had followed UK tax decisions”.
