The Scottish National Party (SNP) have described today's agreement of The Scotland Bill between the Scottish and UK governments as a "missed opportunity".
The Bill sets out agreements on transferring tax and borrowing powers from Westminster to Holyrood as well as outlining a timescale for further devolution.
The Secretary of State for Scotland, Michael Moore, said: "The Scotland Bill is a significant step forward in Scottish devolution. It provides for the biggest transfer of fiscal power from London since the creation of the United Kingdom – including a new Scottish rate of income tax, full devolution of stamp duty land tax and landfill tax, and new borrowing powers.
"Together, the Office for Budget Responsibility forecast that these measures will enable the Scottish Government to raise between £5bn and £6bn of its budget in addition to around £4bn it currently raises in council tax and non-domestic rates."
However others do not see the Bill as a something to be celebrated.
SNP MSP John Mason said: "The Scotland Bill can now move forward – but the fact is it is a missed opportunity to deliver the kind of powers and responsibilities Scotland needs to create jobs and boost economic growth for all our communities."
Prior to today's agreement the SNP had insisted that six demands be met on issues such as cigarette and alcohol excise duty, broadcasting and European Union representation.
Of the six demands only one, on increased borrowing, was met.
Mason said: "“Under these provisions, Scotland will still only be responsible for raising a fraction of our own taxes, when what is needed if full financial responsibility and independence."