Rebecca Evans, Minister for Finance and Trefnydd
The Wales Act 2014 gave the Senedd the power to set Welsh Rates of Income Tax (WRIT). Following agreement that WRIT would be administered by HMRC on behalf of Welsh Ministers, a project was established to implement WRIT from April 2019.
Through the WRIT implementation project, Welsh Government and HMRC have worked closely together to ensure the necessary systems and processes would be in place to deliver WRIT. This has been a complex and challenging piece of work but I am pleased to announce that the project is now fully complete.
HMRC have confirmed the final costs of the project are just under £8 million, well within the range of costs originally provided for the project.
The administration of WRIT has now moved into a business as usual phase focussing on maintaining and updating systems and improving awareness of WRIT. As set out in the Service Level Agreement (SLA), a formal governance structure is in place to ensure a consistent quality of service to Welsh taxpayers and allow HMRC and the Welsh Government to meet their respective responsibilities in respect of operating WRIT.