Welsh Taxes

 


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.

The CIOT comments sent to the Welsh Assembly 8 September 2015 on Tax Collection and Management (Wales) Bill.