Tax Advisory Group discusses emerging tax policy ideas
The Tax Advisory Group met recently to discuss emerging tax policy ideas as Wales continues to plan and prepare for tax reforms.
During its fourth meeting, which was chaired by the Finance and Government Business Minister Jane Hutt, the Group discussed the forthcoming consultations on tax reform. A consultation on Land Transaction Tax will be launched on 10 February and a consultation on Welsh Landfill tax will follow at the end of February.
Group members received an overview of the responses to the White Paper consultation on tax collection and management, which closed on 15 December. A summary of the responses received will be published in February.
Speaking following the meeting, Finance Minister Jane Hutt said recently:
“With the Wales Bill gaining Royal Assent in December and becoming the Wales Act 2014, it is good that we can now plan with certainty for the tax reforms ahead. The Tax Advisory Group, through its knowledge and expertise, plays a pivotal role in helping us with our preparations for tax devolution.
“We had a good, constructive meeting today, discussing the responses we have received to our recent consultation on tax collection and management and looking ahead at our forthcoming consultations on Land Transaction Tax and Welsh Landfill tax. I have always been clear about the need to engage widely and openly on all aspects of our plans and I look forward to launching the first of these consultations, on the emerging policy ideas for Land Transaction tax on 10 February.”
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