The Welsh government has established a Treasury team in order to progress the legislation and administrative arrangements for the new devolved taxes and wider financial powers, and to ensure a smooth transition towards April 2018. The Treasury is currently engaged in a range of projects, including: tax collection and management legislation; Welsh Revenue Authority implementation; land transaction tax; landfill disposals tax; full devolution of non-domestic rates; and future budgetary practices. Assistance is being provided from HMRC, the Office for Budget Responsibility and HM Treasury on current tax management and collection practices, while the Scottish government and Revenue Scotland have given advice on their experience of establishing new devolved taxes. A Bill establishing a tax collection authority for Wales is due in July.
The Welsh government has established a Treasury team in order to progress the legislation and administrative arrangements for the new devolved taxes and wider financial powers, and to ensure a smooth transition towards April 2018. The Treasury is currently engaged in a range of projects, including: tax collection and management legislation; Welsh Revenue Authority implementation; land transaction tax; landfill disposals tax; full devolution of non-domestic rates; and future budgetary practices. Assistance is being provided from HMRC, the Office for Budget Responsibility and HM Treasury on current tax management and collection practices, while the Scottish government and Revenue Scotland have given advice on their experience of establishing new devolved taxes. A Bill establishing a tax collection authority for Wales is due in July.
