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U.K. Legislation to Provide Welsh Income Tax Flexibility

08 October 2014

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Proposed Changes

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United Kingdom

On 7 October 2014, the U.K. government published amendments to the Wales Bill that would enable the Welsh Assembly to set different Welsh rates of income tax for each tax band, subject to a referendum. The change removes a lockstep restriction requiring that if a rate is changed by a certain amount for one band, all tax bands much be changed by that amount. Additional proposed amendments to the Wales Bill are expected to be tabled expanding the areas devolved to Wales.