Mark Drakeford, Cabinet Secretary for Finance
From 1 April 2018, the first home-grown taxes in Wales in 800 years will be introduced, marking a new milestone in our devolution journey.
The Welsh Revenue Authority (WRA) – a new tax authority established by the Welsh Government – will be responsible for collecting and managing land transaction tax and landfill disposals tax – the two taxes, which will replace stamp duty land tax landfill tax, respectively, in Wales.
The WRA will be responsible for collecting these tax revenues on behalf of the Welsh Government. These two new taxes will raise more than £1bn in the first four years, supporting the NHS, schools and social services.
The WRA is today publishing Our Charter, which sets out the shared values and behaviours with taxpayers, representative bodies, partner organisations and the Welsh public to help deliver a fair tax system for Wales.
The publication of this document follows significant engagement with stakeholders. The WRA received more than 120 responses to its draft charter – the summary of responses to the consultation is also published today.
The charter is available at https://beta.gov.wales/wra-charter
This statement is being issued during recess in order to keep members informed. Should members wish me to make a further statement or to answer questions on this when the Assembly returns I would be happy to do so.