Welsh Parliament calls for review of funding mechanisms
Released 02 February 2021
The Senedd Finance Committee is calling for a review of Welsh Government funding mechanisms to help develop its tax base and take advantage of the devolved taxes available.
The Wales Act 2014 introduced the devolution of tax powers, including Welsh rates of income tax, Land Transaction Tax and Landfill Disposals Tax. The Committee says it is happy with the administration of devolved taxes and feels this is working well, with the Welsh Revenue Authority playing a vital role in the successful implementation of Welsh taxes.
Further information can be found at https://senedd.wales/senedd-now/news/funding-mechanisms-need-to-be-urgently-reviewed-by-the-welsh-and-uk-governments/.