Welsh taxes

Laura Anne JonesConservative

17 October 2023, Plenary

Questions to the First Minister

…over the prospect of more tax rises. First Minister, will you rule out any increases to business rates, land transaction tax and income tax in Wales for the remainder of this Senedd term?

Tagged for: “land transaction tax”, “income tax”Official Record

Samuel KurtzConservative

11 October 2023, Economy, Trade, and Rural Affairs Committee

Minister for Economy: Border Control Posts in Wales; and Future of Welsh Steel

Diolch, Cadeirydd. Minister, what progress has been made on developing reliefs for devolved taxes such as business rates and land transaction tax to support the development of free ports in Wales?

Tagged for: “devolved taxes”, “land transaction tax”Official Record

Luke FletcherPlaid

27 September 2023, Plenary

Short Debate: Navigating Wales's Brain Drain: Challenges and Solutions

…person under 30 moving to Wales to take up a job should get a full rebate of their first year's Welsh income tax up to a ceiling, but the rebate to be credited and paid over three years if they remain employed in Wales; and existing student debt would be commuted for young people starting a business…

Tagged for: “income tax”Official Record

Chris Birt

25 September 2023, Equality and Social Justice Committee

Inquiry into the Welsh Government’s Draft Child Poverty Strategy: evidence session 1

…of the Barnett formula on a social security payment that will significantly reduce child poverty. Income tax is a wee bit higher in Scotland than it is elsewhere in the UK. Politicians often talk about taking difficult decisions. You have to take them; don't talk about them. So, that's one. In terms…

Tagged for: “Income tax”Official Record

Peter FoxConservative

13 September 2023, Finance Committee

Welsh Government Draft Budget 2024-25—Pre-budget scrutiny

…you, but it's already been covered, really, about how you're considering the impacts of divergence of income tax and things. I think we've covered that with the WRIT. I see that, yes, that money is reconciled, and we might get a positive in the 2024-25 budget as a result. But I don't know if there's…

Tagged for: “income tax”Official Record

Peredur Owen GriffithsPlaid

13 September 2023, Finance Committee

Welsh Government Draft Budget 2024-25—Pre-budget scrutiny

…of elements there, but I think the crux of it is, 'Is the money raised by the WRIT, collected by the Welsh Revenue Authority and brought in—when does that really get realised into budgets?' But I think we'll let—. If it's okay with you, then we'll get a briefing note, or even a separate session, a…

Tagged for: “Welsh Revenue Authority”Official Record

Mike HedgesLabour

13 September 2023, Finance Committee

Welsh Government Draft Budget 2024-25—Pre-budget scrutiny

…I thought the 20 per cent rate was a 20 per cent rate in Wales that we'd split at the Welsh rate of income tax: we set the Welsh rate of income tax and we had the income tax from that Welsh rate coming in into Wales. What you're now telling me, I think, is that, although it's set there, we don't…

Tagged for: “income tax”Official Record

Mike HedgesLabour

13 September 2023, Finance Committee

Welsh Government Draft Budget 2024-25—Pre-budget scrutiny

One of us is confused, and it may be me, but you've set an estimate of how much income tax you expect to take during the year. During the year, wages have increased; in some places, quite substantially. Therefore, the estimate of how much money you expect to take during the year will also increase.…

Tagged for: “income tax”Official Record

Mike HedgesLabour

13 September 2023, Finance Committee

Welsh Government Draft Budget 2024-25—Pre-budget scrutiny

Twenty per cent is on Welsh rates of income tax, isn't it? If I am earning £50,000 a year, and I then go up to £60,000 a year, then there's a £10,000 a year increase, and that means that the 20 per cent Welsh rate will go up. I'd pay £2,000 more into the Welsh rate, wouldn't I?

Tagged for: “Welsh rates of income tax”Official Record

Rebecca EvansLabour

13 September 2023, Finance Committee

Welsh Government Draft Budget 2024-25—Pre-budget scrutiny

But it won't come in during the year, because Welsh rates of income tax and the associated block grant adjustment is fixed.

Tagged for: “Welsh rates of income tax”Official Record

Emma Watkins

13 September 2023, Finance Committee

Welsh Government Draft Budget 2024-25—Pre-budget scrutiny

…we're looking at the figures that come out from Treasury, but I think it's fair to say that total UK income tax revenues have been higher than expected, but they might not translate into higher revenue forecasts. So, we will know, I think, around the time of the autumn statement, what our income tax…

Tagged for: “income tax”Official Record

Mike HedgesLabour

13 September 2023, Finance Committee

Welsh Government Draft Budget 2024-25—Pre-budget scrutiny

Just wages going up increases the income tax take—

Tagged for: “income tax”Official Record