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The Welsh government has published a tax policy framework update and a tax policy work plan setting out strategic tax priorities for 2021-26.
These include:
- no increases in the Welsh rates of income tax (WRIT) ‘for at least as long as the economic impact of coronavirus lasts’;
- reform of council tax;
- legislation permitting local
- consultation on allowing local authorities to raise a tourism levy;
- consideration of local rates of land transaction tax (LTT); and
- maintaining the 1% increase in land transaction tax charged on second home purchases.
The tax policy work plan confirms that the Welsh government will report on WRIT in its annual tax policy report as part of the draft Welsh Budget on 20 December 2021.
It refers to a lack of progress after requests to the Treasury to devolve more tax powers to the Welsh government including a new vacant land tax and devolution of air passenger duty ...
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