ARTICLE · 17 MAY 2016

Weekly Tax Update - 9 May 2016

Smith & Williamson

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Weekly Tax Update - 9 May 2016

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Smith & Williamson

1. General news

1.1 Welsh tax collection and management

The Tax Collection and Management (Wales) Act 2016, permitting the establishment of a Welsh Revenue Authority and procedures for it to manage and collect devolved taxes, received Royal Assent on 25 April.

The taxes that have been or are to be devolved under current plans are: business rates, council tax, land transaction tax and landfill disposals tax. As announced in the November 2015 Autumn Statement, there is also provision for partial devolution of collection of income tax to Wales, without the need for a referendum.

www.legislation.gov.uk/anaw/2016/6/pdfs/anaw_20160006_en.pdf?text=%22Tax%20Collection%20and%20Management%20%28Wales%29%22

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