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Wales To Be Given More Say On Income Tax Policy

by Robert Lee, Tax-News.com, London

08 October 2014


The Welsh Assembly will be given powers, subject to a referendum, to set different rates of personal income tax under plans announced by the UK Government.

The Government has published amendments to the Wales Bill that will be debated by the UK House of Lords next week. If passed, the amendments will remove the so-called "lockstep" restriction, which currently prevents Wales from altering individual income tax policies.

The Wales Bill was introduced in the UK House of Commons in March 2014. It provides for a referendum in Wales on the devolution of personal income tax and also stamp duty land tax and landfill tax. These latter two taxes are due to be devolved in Scotland from next April.

Commenting on the amendment, Welsh Secretary of State Stephen Crabb said: "The new income tax powers are a tool to help the Welsh economy become more dynamic and make [the] Welsh Government more accountable. Used correctly, they can boost economic growth meaning more people in Wales in jobs enjoying a better standard of living."

"But I have always believed these tax powers need to be flexible, which is why we are now removing the lockstep restriction on how the powers are used. This is devolution with a purpose."

TAGS: tax | United Kingdom | ministry of finance | tax authority | tax rates | stamp duty | tax reform | individual income tax | Scotland

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