REVENUE & EXPENDITURE
REVENUE BY SOURCE

Scotland Revenue by Source 2025-26 (£m)
Source Scotland (£m) UK (£m) Scotland as % of UK
Income tax (gross of tax credits) 22,072 330,250 6.7%
National insurance contributions 15,174 204,972 7.4%
Value added tax 16,338 182,457 9.0%
Onshore Corporation tax 6,387 98,916 6.5%
Fuel duties 2,123 24,249 8.8%
Non-domestic rates 3,184 33,536 9.5%
Council tax 3,298 50,448 6.5%
VAT refunds 2,737 30,437 9.0%
Capital gains tax 1,168 24,293 4.8%
Inheritance tax 420 8,502 4.9%
Reserved stamp duties 303 22,798 1.3%
Scottish land & buildings transaction tax 983 983 100.0%
Scottish landfill tax 56 56 100.0%
Air passenger duty 294 4,489 6.5%
Tobacco duties 769 7,468 10.3%
Alcohol duties 1,041 12,432 8.4%
Insurance premium tax 625 9,033 6.9%
Vehicle excise duties 705 9,047 7.8%
Environmental levies 1,002 9,027 11.1%
Other taxes 2,879 37,316 7.7%
North Sea Oil & Gas 3,153 3,928 80.3%
Interest and dividends 3,489 42,991 8.1%
Gross operating surplus 9,812 81,936 12.0%
Other receipts 249 2,597 9.6%
Total Revenue 98,262 1,232,161 8.0%

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REFERENCES & FOOTNOTES
REAL TERMS CALCULATIONS

The Real Terms calculations above are carried out using the HMT's deflator tables . There are a number of methods for measuring inflation, however when discussing public revenue and expenditure, typically the HMT's GDP deflator is used to calculate the real terms equivalent. We have provided an easy to use Calculator for your convenience here .