Taxation in Wales

Taxation in Wales (Welsh: Trethi yng Nghymru) typically comprises payments to one or more of the three different levels of government: the UK government (Her Majesty's Revenue and Customs), the Welsh Government, and local government.

In the fiscal year 2017–18, total Welsh government revenue was forecast to be £27.1 billion, or 38.3 per cent of GDP, with net VAT, income tax, and National Insurance contributions standing at £15.8 billion.[1]

The Welsh Government acquired the power to vary income tax on the 10% share it collects in 2019, however it has not opted to do so.[2]

  1. ^ "Government Expenditure and Revenue Wales 2019" (PDF).
  2. ^ "Wales will not increase income tax rate this year | STEP". www.step.org. Retrieved 12 January 2020.

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