Question to the HM Treasury:

To ask the Chancellor of the Exchequer, further to the Secretary of State for Housing, Communities and Local Government's announcement on 10 February 2021, whether the tax to be levied on the residential property development sector will apply in Scotland.

The Secretary of State for the Ministry of Housing, Communities and Local Government made an oral statement to the House of Commons on building safety on 10 February 2021.

That statement announced plans to introduce a new tax for the UK residential property development sector in 2022, to ensure the largest developers make a fair contribution to cladding remediation costs. The tax will apply on a UK-wide basis and the government will consult with industry on further policy design considerations in due course, to ensure the tax is proportionate and reflects developers’ ability to pay.

The tax will help fund a large spending package, and the devolved administrations will receive additional funding through the Barnett formula at future fiscal events and spending reviews, except where new departmental spending is funded by an England-only levy.