The Global Payroll Association has been asked several times for the legislation regarding the Welsh Rates of Income Tax (WRIT) that were confirmed by the National Assembly for Wales. Although the rates have been well publicised as basic 10, higher 10 and additional 10, understandably, professionals want to see this in writing.
So we did some research and investigation and have come up with it in writing for you and thank Ian Holloway from Cintra HR and Payroll Services for his explanation below:
The Government of Wales Act 2006 (GOWA) is the governing piece of devolution for Wales. The Wales Act 2014 added section 116D ‘Power to set Welsh rates for Welsh taxpayers’. This says that the Assembly will set a Welsh Rate Resolution’ that specifies the rates and:
- The tax year for which it applies
- Must be made before the start of that tax year, and
- Must not be made more than 12 months before the start of that year
The Resolution is not actually a physical piece of legislation but is a ‘Motion’ passed in the Assembly and referred to in the document ‘Standing Orders of the National Assembly for Wales’ 2019 document.
The Global Payroll Association has been asked several times for the legislation regarding the Welsh Rates of Income Tax (WRIT) that were confirmed by the National Assembly for Wales. Although the rates have been well publicised as basic 10, higher 10 and additional 10, understandably, professionals want to see this in writing.
So we did some research and investigation and have come up with it in writing for you and thank Ian Holloway from Cintra HR and Payroll Services for his explanation below:
The Government of Wales Act 2006 (GOWA) is the governing piece of devolution for Wales. The Wales Act 2014 added section 116D ‘Power to set Welsh rates for Welsh taxpayers’. This says that the Assembly will set a Welsh Rate Resolution’ that specifies the rates and:
- The tax year for which it applies
- Must be made before the start of that tax year, and
- Must not be made more than 12 months before the start of that year
The Resolution is not actually a physical piece of legislation but is a ‘Motion’ passed in the Assembly and referred to in the document ‘Standing Orders of the National Assembly for Wales’ 2019 document.