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Fellows\' financial expertise recognised in nominations to Scottish Fiscal Commission

Posted 20/05/2014

Three Fellows of the Royal Society of Edinburgh have been proposed as appointments to the independent Scottish Fiscal Commission.

The nominations for Lady Susan Rice as Chair, and Professor Andrew Hughes Hallett and Professor Campbell Leith as Members of the new commission, were announced by the Scottish Finance Secretary yesterday.

Appointments to the commission have to be approved by the Scottish Parliament.

The expert commissioners will examine Scottish Government tax revenue forecasts for the two devolved Scottish taxes - Land and Buildings Transaction Tax and Scottish Landfill Tax - which will transfer to Scotland in April 2015 under powers in the Scotland Act 2012.

The Scottish Fiscal Commission will begin its work in summer 2014. It will review and comment publicly on tax forecasts ahead of the introduction of the 2015-16 draft Scottish budget in the autumn.

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