The Welsh government has introduced the Tax Collection and Management (Wales) Bill to establish the Welsh Revenue Authority, and put in place the legal framework for administration of the proposed new devolved taxes, land transaction tax and landfill disposals tax, from April 2018.
The Welsh government has introduced the Tax Collection and Management (Wales) Bill to establish the Welsh Revenue Authority, and put in place the legal framework for administration of the proposed new devolved taxes, land transaction tax and landfill disposals tax, from April 2018. See www.bit.ly/1gztaTe.
Meanwhile, the Joint Exchequer Committee met on 7 July, chaired by Greg Hands MP, chief secretary to the Treasury, to consider Scottish taxes. The Scottish government was represented by John Swinney MSP, deputy first minister and cabinet secretary for finance, constitution and economy. The ministers discussed high-level options for future funding of the Scottish government in relation to the new tax and spending powers to be devolved, as well as the ‘no detriment’ principles discussed in the Smith Commission report. Additional tax implementation issues relating to the devolution of the taxes in the Smith Commission report were also discussed, and arrangements for the sharing of tax information in order for the Scottish government to take a decision on the Scottish rate of income tax later this year were also agreed. The next meeting is due to take place in September. For the joint communiqué, see www.bit.ly/1CnJ6S4.
The Welsh government has introduced the Tax Collection and Management (Wales) Bill to establish the Welsh Revenue Authority, and put in place the legal framework for administration of the proposed new devolved taxes, land transaction tax and landfill disposals tax, from April 2018.
The Welsh government has introduced the Tax Collection and Management (Wales) Bill to establish the Welsh Revenue Authority, and put in place the legal framework for administration of the proposed new devolved taxes, land transaction tax and landfill disposals tax, from April 2018. See www.bit.ly/1gztaTe.
Meanwhile, the Joint Exchequer Committee met on 7 July, chaired by Greg Hands MP, chief secretary to the Treasury, to consider Scottish taxes. The Scottish government was represented by John Swinney MSP, deputy first minister and cabinet secretary for finance, constitution and economy. The ministers discussed high-level options for future funding of the Scottish government in relation to the new tax and spending powers to be devolved, as well as the ‘no detriment’ principles discussed in the Smith Commission report. Additional tax implementation issues relating to the devolution of the taxes in the Smith Commission report were also discussed, and arrangements for the sharing of tax information in order for the Scottish government to take a decision on the Scottish rate of income tax later this year were also agreed. The next meeting is due to take place in September. For the joint communiqué, see www.bit.ly/1CnJ6S4.