Delivering Prudent Healthcare in Wales »Prudent healthcare principles ensure patients receive the most appropriate treatments to achieve mutually-agreed goals.Learn more »
Superfast speeds come to Royal Welsh showground
The Royal Welsh is speeding ahead with superfast internet available on the showground for the first time this year, thanks to the Superfast Cymru programme.
- Action to improve care for critically ill patients
- First Minister begins search for the best of Wales
Featured Article »Landmark Social Services law receives Royal Assent
- Superfast speeds come to Royal Welsh showground
In this section
- Business and economy
- Children and young people
- Culture and sport
- Education and skills
- Environment and countryside
- Equality and diversity
- Health and social care
- Registration fees for the education workforce in Wales
- Consultation on Draft Technical Advice Note (TAN) 1: Joint Housing Land Availability Studies (JHLAS)
- Consultation on the Equality Impact Assessments for the 2014-2020 Ireland Wales Cooperation Programme
- Statutory Guidance to the Independent Remuneration Panel for Wales in relation to the salaries of Local Authority Chief Executives
- Legislative proposals for Additional Learning Needs – White paper
- The Ireland Wales Cooperation Programme 2014-2020
Featured consultation »Draft Technical Advice Note 1: Joint Housing Land Availability Studies
79 days left
Section highlightThe Gender-based Violence, Domestic Abuse and Sexual Violence (Wales) Bill
The Bill aims to improve the Public Sector response in Wales to gender-based violence, domestic abuse and sexual violence.
Legislative programme 2013 - 2014 »
The First Minister detailed the 8 bills in the Welsh Government’s 5-year Legislative Programme that will be brought forward during the 3rd year of the Welsh Assembly.Learn more »
Section highlightProject pipeline update - June 2014
Our pipeline provides visibility of infrastructure investment activity across Wales.
1st Supplementary Budget 2014-15 »
The 1st Supplementary Budget proposes a number of changes to the Final Budget for 2014-15, which was published in December 2013.Learn more »
- Statistics & Research
Financial reform and tax policy
The UK Government published the Wales Bill on 20 March 2014. The purpose of the Bill is to devolve taxation and borrowing powers to the Welsh Government and National Assembly for Wales. This is as a result of the UK Government’s acceptance of the majority of recommendations published in the 1st Silk Commission report.
The Wales Bill aims to fully devolve:
- Non-domestic rates (also known as ‘Business Rates’)
- Stamp duty land tax
- Landfill tax
The first of these taxes to be devolved will be Non-domestic rates, which will take effect in Wales from April 2015. Stamp duty land tax and landfill tax require the passage of the Wales Bill through the UK Parliament and have a target date of April 2018. From that date, UK versions of the taxes will be “turned off” and replacement Welsh taxes will come into effect.
Devolving taxes to Wales enables us to develop a tax system that is simpler, fairer and supports jobs and growth. It allows us to take decisions affecting the Welsh economy in Wales. The Tax Advisory Group for Wales and the Welsh Government Tax Forum have been set up to help Welsh Ministers achieve this.
The Wales Bill confirms that the Welsh Government will also acquire borrowing powers to invest in capital projects from 2018. Ministers will be able to borrow to invest in any devolved area of responsibility, up to a total limit of £500m. Early access to borrowing powers has been granted to help finance an enhancement to the M4, if Ministers decide to undertake such a project.
The Wales Bill also provides for up to £500m of borrowing to support revenue spending. This power will help manage budgetary fluctuations that occur as a result of tax devolution.
The Finance Minister will continue to press for further powers for Wales, as recommended in the Silk report. These include:
- Air Passenger Duty
- A higher borrowing limit
- The ability to vary income tax rates independently of one another.
The UK Government remains responsible for Stamp Duty Land Tax and Landfill Tax until April 2018. It may introduce changes to them prior to the introduction of replacement Welsh taxes.
Full details are available of the Wales Bill and Command Paper on GOV.UK (external link). View the UK Government response to the 1st Silk Commission report on GOV.UK (external link).