Welsh Assembly detailed draft budget
25 October 2018
The Welsh Government have published the draft 2019-2020 Budget for Wales together with a number of policy papers including the Welsh Tax Policy Report 2018.
The timetable confirmed that the Detailed Draft Budget will now be debated in committees and in plenary (4 Dec), with the Final Budget to be published on 18 December.
Subject to final confirmation by The National Assembly, it is the intention of The Welsh Government to set the first Welsh rates of income tax at 10p. This, will result in the rates of income tax paid by Welsh taxpayers continuing to be the same as those paid by English and Northern Irish taxpayers which would uphold the commitment set out in the Labour manifesto and reflect the priority attached to an orderly transition to the Welsh rates of income tax.
The motion for approval will be laid prior to the final Budget debate,
Welsh Rates of Income Tax
Further details of how Welsh Rate of Income Tax will operate from April 2019 can be found in the Technical Note and Draft Legislation which is currently open for consultation until 5 November.
If you have view about whether the legislation delivers on the detail of the Technical Note then please contact [email protected].