Welsh rates of income tax, when/how to find out new rates?

stoozie1

Hi,

As the Welsh government and .gov sites don't seem to say much, I wondered if anyone knows when and how these new rates will be published, and when the formal budget statement is due?

Many thanks.

sheramber

https://www.bbc.co.uk/news/uk-wales-politics-45733492

The man in charge of the Welsh Government's purse strings has left the door open to raising income tax before the next assembly election in 2021.

Mark Drakeford, frontrunner to be next first minister, said he will stick to Labour's commitment not to change tax rates "unless I'm compelled to do so".

No changes to income tax were presented in Mr Drakeford's £18bn draft budget for next year, announced on Tuesday.

Welsh ministers gain powers to vary income tax rates from April.

But Labour pledged in 2016 not to change things before the next assembly election.

stoozie1

Thank you. We received a notice from HMRC today notifying us that our rates may change from April 19 which seemed to contradict this, but hopefully as your link describes, things should stay the same!

Apodemus

stoozie1 wrote: »

Thank you. We received a notice from HMRC today notifying us that our rates may change from April 19 which seemed to contradict this, but hopefully as your link describes, things should stay the same!

No contradiction! HMRC sound like they are correct to say that the rates may change - that is probably the legal position. Whether they do change is political and up to the Welsh Assembly Government.