Retail Businesses (Taxation)

Part of the debate – in the Scottish Parliament on 3rd December 2020.

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Photo of Ben Macpherson Ben Macpherson Scottish National Party

We welcome yesterday’s announcement by Tesco—as has been noted by the Cabinet Secretary for Finance—and the follow-up news today that other big retailers intend to follow a similar path. Yesterday, the cabinet secretary committed to utilising the resources that are being returned to support businesses in Scotland through mechanisms and means that will be considered in due course.

As Mark Ruskell would expect, the Scottish Government is engaged in discussion with the UK Government on a windfall tax. If the Scottish Government were to have determination of such a tax, it would require permission from the Treasury through the mechanisms of the Scotland Act 2016. Alternatively, the tax could be delivered by the UK Government. We encourage the UK Government to use its powers to make tax decisions and policy in a progressive way, and to continue dialogue on reserved taxes and new taxes, such as a windfall tax.