Welsh taxes

Andrew Jeffreys

21 January 2026, Finance Committee

Welsh Government Final Budget 2026-27: Evidence session

…in the tax ready reckoner next year, we would expect to see a more formal estimate of what changes in Welsh rates of income tax on property income would generate in terms of revenues, or what the reductions would cost. I think OBR are planning on publishing forecasts of property income tax…

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

Sam RowlandsConservative

21 January 2026, Finance Committee

Welsh Government Final Budget 2026-27: Evidence session

…make some informed decisions on this, and what you're perceiving as some of the risks of property income tax being devolved.

Tagged for: “income tax”Official Record

Sam RowlandsConservative

21 January 2026, Finance Committee

Welsh Government Final Budget 2026-27: Evidence session

…what powers would the Welsh Government have as a result of this. One of the headlines from the property income tax has been around the so-called mansion tax—a surcharge, essentially, on properties over a value of £2 million. That may not be massively relevant here in Wales; we expect most of those…

Tagged for: “income tax”Official Record

Andrew Jeffreys

21 January 2026, Finance Committee

Welsh Government Final Budget 2026-27: Evidence session

…come from HMRC outturn data. Property income is declared in self-assessment, so it lags behind PAYE income tax. So, we've got 2023-24 figures. Total property income is around £800 million in Wales in that year. That's [correction: That equates to] about £50 million of Welsh rates of income tax. If…

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

Mark DrakefordLabour

21 January 2026, Finance Committee

Welsh Government Final Budget 2026-27: Evidence session

…give you more exact figures now, but from memory, as a percentage of what we currently raise through Welsh rates of income tax, income derived from property in Wales is between 1 per cent and 2 per cent of the total—1.6 per cent. So, it is, as I say, a sort of sliver of new responsibility. But…

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

Sam RowlandsConservative

21 January 2026, Finance Committee

Welsh Government Final Budget 2026-27: Evidence session

…Senedd in the coming weeks—you introduced that in December—relates to devolution of powers for property income tax. Perhaps you could share with the committee what the timescales for acquiring these powers are and what these powers would allow the Welsh Government to be able to do.

Tagged for: “income tax”Official Record

Mark DrakefordLabour

21 January 2026, Finance Committee

Welsh Government Final Budget 2026-27: Evidence session

Well, look, it's a phenomenon that I think is well known, and we rehearsed it on the floor of the Senedd only last week in relation to land transaction tax. Who is the beneficiary of greater relief in land transaction tax—is it the seller or is it the buyer? And there is plenty of evidence in the…

Tagged for: “land transaction tax”Official Record

Y Llywydd / The Llywydd

20 January 2026, Plenary

The Landfill Disposals Tax (Tax Rates) (Wales) (Amendment) (No. 2) Regulations 2025

The Cabinet Secretary? No, there are no other speakers. Therefore the proposal is to agree the motion. Does any Member object? There are no objections. Therefore, the motion under item 11 is agreed.

Tagged from the title of its item or question: “Landfill Disposals Tax”Translated from WelshOfficial Record

Mike HedgesLabour

20 January 2026, Plenary

The Landfill Disposals Tax (Tax Rates) (Wales) (Amendment) (No. 2) Regulations 2025

…15 December. The committee report contained one merits scrutiny reporting point. It highlights that the Welsh Revenue Authority must pay amounts collected in the exercise of its functions relating to devolved taxes, such as landfill disposals tax, into the Welsh consolidated fund. A response from…

Tagged for: “Welsh Revenue Authority”, “devolved taxes”, “landfill disposals tax”Official Record

Mark DrakefordLabour

20 January 2026, Plenary

The Landfill Disposals Tax (Tax Rates) (Wales) (Amendment) (No. 2) Regulations 2025

Diolch yn fawr, Llywydd. In the draft outline budget statement in October, I set out the Welsh Government’s intended approach to increasing the rates of landfill disposal tax, or LDT, from 1 April. However, following the UK Government's setting of its landfill tax rates for England in the autumn…

Tagged from the title of its item or question: “Landfill Disposals Tax”Official Record

Y Llywydd / The Llywydd

20 January 2026, Plenary

The Landfill Disposals Tax (Tax Rates) (Wales) (Amendment) (No. 2) Regulations 2025

Item 11 is the Landfill Disposals Tax (Tax Rates) (Wales) (Amendment) (No. 2) Regulations 2025. I call on the Cabinet Secretary for finance to move the motion—Mark Drakeford.

Tagged for: “Landfill Disposals Tax”Translated from WelshOfficial Record

Mike HedgesLabour

19 January 2026, Legislation, Justice and Constitution Committee

Instruments that raise issues to be reported to the Senedd under Standing Order 21.2 or 21.3

…Collection and Management (Visitor Levy Costs) (Wales) Regulations 2026. These regulations limit the Welsh Revenue Authority’s permitted deduction from visitor levy proceeds to 10 per cent, ensuring that principal councils receive the remainder after costs are deducted. The regulations also include…

Tagged for: “Welsh Revenue Authority”Official Record