An oral statement was made to the Welsh Assembly on 7 January 2020, that had been preceded by draft Budget proposals released on 16 December 2019.
The proposal is to leave the welsh rate of income tax and land transactions tax unchanged, and to make an inflationary increase to the rate of landfill disposals tax.
The welsh rate of income tax is 10%. This is added to reduced rates of UK income tax paid by Welsh taxpayers, as follows:
- basic rate 10%
- higher rate 30%
- additional rate 35%
Overall, this means that welsh taxpayers will continue to pay the same amount of income tax as taxpayers in England and Northern Ireland.
Join the Tax Faculty
The Tax Faculty offers expert guidance and support enabling you to provide the best advice on tax legislation to your clients or business. We offer clear direction in taxing times.
