"The Welsh government will introduce distinct rates of income tax for UK taxpayers residing in Wales from April 2019.
The new Welsh rates of income tax have been announced as part of the Welsh government’s Draft Budget 2018-2019 outline proposals report, published in October 2017. The report outlines the fiscal framework agreed by both Welsh and UK governments in December 2016, which proposed that the three income taxes imposed by UK government are reduced by £0.10 for UK taxpayers who live in Wales. Welsh ministers will then recommend that the Welsh rates of income tax be applied in addition to the reduced UK income tax rates. The National Assembly will then vote on the new Welsh rates, which are due to come into effect from April 2019.
The majority of income tax responsibilities, such as setting the personal allowance, setting the income thresholds at which tax rates will apply, and the taxation of income from savings and dividends, will still be carried out by UK government, with HM Revenue and Customs (HMRC) continuing to administer and collect income tax payments.
The Welsh government has assumed there is no net budgetary impact from the introduction of Welsh rates of income tax for the 2018-2019 tax year, however ministers have provided indicative allocations for 2019-2020 in the draft budget, estimating that 13% of the Welsh government’s funding will be derived from the Welsh rates of income tax."
https://www.employeebenefits.co.uk/i...ome-tax-rates/
The new Welsh rates of income tax have been announced as part of the Welsh government’s Draft Budget 2018-2019 outline proposals report, published in October 2017. The report outlines the fiscal framework agreed by both Welsh and UK governments in December 2016, which proposed that the three income taxes imposed by UK government are reduced by £0.10 for UK taxpayers who live in Wales. Welsh ministers will then recommend that the Welsh rates of income tax be applied in addition to the reduced UK income tax rates. The National Assembly will then vote on the new Welsh rates, which are due to come into effect from April 2019.
The majority of income tax responsibilities, such as setting the personal allowance, setting the income thresholds at which tax rates will apply, and the taxation of income from savings and dividends, will still be carried out by UK government, with HM Revenue and Customs (HMRC) continuing to administer and collect income tax payments.
The Welsh government has assumed there is no net budgetary impact from the introduction of Welsh rates of income tax for the 2018-2019 tax year, however ministers have provided indicative allocations for 2019-2020 in the draft budget, estimating that 13% of the Welsh government’s funding will be derived from the Welsh rates of income tax."
https://www.employeebenefits.co.uk/i...ome-tax-rates/
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