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| Version 2 | Version 3 |
|---|---|
| Tax collection plans revealed by Welsh government | Tax collection plans revealed by Welsh government |
| (about 20 hours later) | |
| Plans for how Wales will collect and manage its own taxes for the first time in 700 years have been revealed by Finance Minister Jane Hutt. | Plans for how Wales will collect and manage its own taxes for the first time in 700 years have been revealed by Finance Minister Jane Hutt. |
| Powers over business rates, stamp duty land tax and landfill tax are being devolved to the Welsh government. | Powers over business rates, stamp duty land tax and landfill tax are being devolved to the Welsh government. |
| Ms Hutt announced a Welsh Revenue Authority, responsible for ensuring taxes are collected, would be created. | Ms Hutt announced a Welsh Revenue Authority, responsible for ensuring taxes are collected, would be created. |
| She said Wales would be able to "shape taxes which are better suited to Welsh circumstances and proposals". | She said Wales would be able to "shape taxes which are better suited to Welsh circumstances and proposals". |
| The new taxes, due to begin in 2018, will be the first to be set and raised in Wales since the 13th Century. | |
| The point was illustrated by National Library of Wales staff, who have been in Cardiff Bay with old tax documents to show the minister. | The point was illustrated by National Library of Wales staff, who have been in Cardiff Bay with old tax documents to show the minister. |
| Laying out the Welsh tax raising plans, Ms Hutt said the principles are: | Laying out the Welsh tax raising plans, Ms Hutt said the principles are: |
| There will also be a taxpayers charter, making clear the rights and responsibilities of both citizens and the authorities, she said. | There will also be a taxpayers charter, making clear the rights and responsibilities of both citizens and the authorities, she said. |
| When asked what the costs of running the new tax system in Wales would be, the minister said those figures were still being worked on. | When asked what the costs of running the new tax system in Wales would be, the minister said those figures were still being worked on. |
| "The first step in the devolution of taxes today, I believe, is both historic and significant," Ms Hutt said. | "The first step in the devolution of taxes today, I believe, is both historic and significant," Ms Hutt said. |
| "I'm encouraging people to bring forward their views to help us shape the development of our tax regime. | "I'm encouraging people to bring forward their views to help us shape the development of our tax regime. |
| "I want people to engage with us, and tell us of their aspirations as we prepare the ground for this significant change in Wales' financial landscape." | "I want people to engage with us, and tell us of their aspirations as we prepare the ground for this significant change in Wales' financial landscape." |
| The consultation runs until 15 December, with a bill due to be published next July. | The consultation runs until 15 December, with a bill due to be published next July. |
| Conservative Shadow Finance Minister Nick Ramsay said: "The Labour government's necessary proposals on tax collection must now be scrutinised in detail and I urge as many people as possible to have their say. | Conservative Shadow Finance Minister Nick Ramsay said: "The Labour government's necessary proposals on tax collection must now be scrutinised in detail and I urge as many people as possible to have their say. |
| "We are the only party committed to scrapping stamp duty on all properties valued up to £250,000 and taking all small businesses out of business rates for good." | "We are the only party committed to scrapping stamp duty on all properties valued up to £250,000 and taking all small businesses out of business rates for good." |
| The Welsh government cannot currently vary taxes or borrow money, and instead gets its budget in a grant from the UK government. | The Welsh government cannot currently vary taxes or borrow money, and instead gets its budget in a grant from the UK government. |
| Last November the Silk Commission - an inquiry set up by the UK government which recommended devolving more power to Cardiff Bay - said the Welsh government should be responsible for raising some of the money it spends. | Last November the Silk Commission - an inquiry set up by the UK government which recommended devolving more power to Cardiff Bay - said the Welsh government should be responsible for raising some of the money it spends. |
| It also included a recommendation to devolve powers to vary a portion of income tax by 2020, following a referendum. | It also included a recommendation to devolve powers to vary a portion of income tax by 2020, following a referendum. |