Have your say in the development of potential new Welsh taxes

06 July 2017

The Finance Secretary has kick-started a national debate about ideas for potential new Welsh taxes.

Mark Drakeford is urging people and organisations to come forward with ideas which could be developed into new Welsh taxes.

The Wales Act 2014 provides the Welsh Government with powers to put forward proposals for the development of new taxes in areas of devolved responsibility. These proposals must be agreed by the National Assembly, UK Government and both the House of Commons and the House of Lords.

During a recent debate in the Senedd, the Finance Secretary outlined his intention to test the new Wales Act powers and outline some of the tax ideas which have already been put forward by the Bevan Foundation's report Tax for Good. These include ideas around tourism and takeaway packaging and funding social care.

The Finance Secretary has also suggest that taxation could be used to change behaviours or to discourage activity which has negative social impacts.

The debate follows the passage of two tax Bills by the National Assembly for Wales, which pave the way for the introduction of two devolved taxes in April 2018 – land transaction tax, which replaces stamp duty land tax and landfill disposals tax, which replaces landfill tax.

The Finance Secretary is keen to consider all ideas and wants to start a conversation around new taxes – with all political parties; with the public; businesses and organisations across Wales. He is urging everyone to get involved, share their ideas (email [email protected]) and help shape future Welsh taxes.

A shortlist of ideas for new Welsh taxes will be considered in the autumn.