Welsh Taxes


MPs debated the first two decades of devolution in a Commons debate led by the Scottish and Welsh Affairs committees last week.

The Welsh Revenue Authority will be running 3 online webinars on Land Transaction Tax (LTT) higher rates.

The Welsh Assembly has passed the Welsh Budget for 2019-20, which proposes that the Assembly will not use its powers to vary income tax in the coming year.

CIOT Wales' Ritchie Tout on Welsh Government plans for a vacant land tax and the debate about housing supply. This first appeared in the Western Mail on Thursday 8 November 2018.

The joint CIOT and LITRG comments on Clarifying the scope of the Welsh rates of Income Tax – technical note and draft legislation.

The process under the Wales Act 2014 that enables the Welsh Government to introduce new taxes in areas of devolved responsibility subject to approval from the National Assembly for Wales and both Houses of Parliament, will be tested for the first time with the formal proposal for a vacant land tax going to the UK Government later this year. The work to gain the powers is only a first step, the development of detailed policy proposals will follow involving engagement with stakeholders and the public in accordance with the Welsh Government’s tax policy framework.

This article first appeared in the Western Mail's opinion page on Friday 14 September 2018

An annual Welsh Finance Bill is essential if we are to lay solid foundations for tax policy changes and raise the level of debate.

The joint CIOT, ATT and LITRG comment on Attributes of good guidance.

The CIOT has responded to call for evidence from the Finance Committee of the Welsh National Assembly  on the Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Bill (‘the Bill’).

Land Transaction Tax (LTT) will replace the UK Stamp Duty Land Tax (SDLT) in Wales from April 2018. The Welsh Government consulted widely on the policy design of LTT. Since consulting on proposals for LTT, changes have been introduced to SDLT and Land and Building Transaction Tax (LBTT), in particular, the higher rates charged on purchases of additional residential properties introduced by the UK and Scottish Governments from 1st April this year.