Welsh Taxes

Welsh begin to design for life with income tax power

By Hamant Verma on 18 January 2019

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.

Vacant land tax must not add to current confusion

By Contributor on 12 November 2018

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.

Clarifying the scope of the Welsh rates of Income Tax – technical note and draft legislation - joint CIOT/LITRG comments

By Ruth Mace on 5 November 2018

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

A Vacant Land Tax for Wales?

By Contributor on 8 October 2018

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.

Stormy waters on the horizon for the devolution of taxation

By Contributor on 18 September 2018

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.

Attributes of good guidance - CIOT ATT and LITRG comments

By Ruth Mace on 18 December 2017

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

Land Transaction Tax and Anti-avoidance of Devolved Taxes (Wales) Bill - CIOT comments

By Ruth Mace on 30 September 2016

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: Higher Rates for Purchases of Additional Residential properties - CIOT comments

By Ruth Mace on 26 August 2016

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.

Tax Collection and Management (Wales) Bill - CIOT comments

By Editor on 8 September 2015

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