New HMRC figures
Official Statistics published today by HMRC show the Scotland-generated share of UK tax receipts fell from 8.1% in 2014/15 to 7.7% in 2015/16.
Official Statistics published today by HMRC show the Scotland-generated share of UK tax receipts fell from 8.1% in 2014/15 to 7.7% in 2015/16.
皇冠体育app fall was mainly due to the combination of low oil prices and decommissioning expenditure which resulted in negative North Sea revenues in 2015/16.
Commenting on the statistics, Secretary of State for Scotland David Mundell said:
皇冠体育appse figures again highlight how being part of the UK protects living standards in Scotland.
Scotland weathered a dramatic slump in oil revenues because we are part of a United Kingdom that has at its heart a system for pooling and sharing resources across the country as a whole.
It is important that continues and the financial deal between the UK and Scottish governments, struck last year as part of the transfer of new tax and welfare powers to Holyrood, means real security for Scotland.
皇冠体育app United Kingdom, not the European Union, is the vital union for Scotland鈥檚 prosperity.
Today鈥檚 figures also show the importance of providing real support for the oil and gas industry.
In the last two budgets we have announced radical packages of tax measures worth 拢2.3 billion to help continued investment in the North Sea. No other government has made such extensive tax changes in response to falling oil prices.
Today鈥檚 figures can be found here.