Today I am publishing my latest Tax Policy Work Plan, setting out our programme of work on devolved taxes through to the end of the current Senedd Cymru. The plan sets out the research, reviews and other activity which the Welsh Government will be undertaking, building on what we have learned to date, underpinned by our Tax Policy Framework.
The plan focuses on the three themes:
A. Develop tax policy as fairly as possible, aligned with Welsh Government policy priorities, and in collaboration with stakeholders.
B. Operate and develop Welsh taxes within a UK context.
C. Increase knowledge and understanding about taxes in Wales.
The work plan is available here.
I welcome contributions to any aspect of the work plan, and I will report on progress next year.
Since 2014, Finance Ministers have been supported in their work on Welsh taxes by the Tax Advisory Group, comprising tax experts and representatives of business, local government and the third sector. With the three Welsh taxes – Land Transaction Tax, Landfill Disposals Tax and Welsh Rates of Income Tax – now introduced, the group has fulfilled its purpose, and is discontinued. I am very grateful to the members for their contributions, including to previous Tax Policy Work Plans. As our devolved tax responsibilities mature, I am establishing a new Tax Engagement Group which will support Welsh Government in considering future opportunities and challenges.