12 Oct 2018
Did you know that from 6 April 2019, for the first time, money raised from the new Welsh rates of income tax will directly fund public services in Wales?
From 6 April 2019, 10p in each of the three existing tax bands
in Wales will be transferred straight to the Welsh Government to be
spent on public services in Wales. Currently all income tax is paid
to the UK Government to fund spending across the UK.
Tax payers living in Wales do not need to do anything
differently. HMRC will continue to collect income tax as one
payment, just as usual. During November, if you live in Wales, you
will receive a letter from HMRC, with a Welsh Government leaflet
explaining how Welsh rates of income tax will work.
Help spread the word
#MyTaxMyWales is a social media campaign illustrating how our
tax goes towards funding the Welsh public services we all use, like
the NHS and schools.
Follow @WelshTreasury and
help to share the message.
What does this mean for Wales?
Revenue raised from Welsh rates of income tax has been included
in the Welsh Budget this year for the first time, ahead of
introduction of the rates in April 2019.
This means that:
- for the first time ever, decisions about 10p in each income tax
band will be made in Wales.
- Welsh rates of income tax joins land transaction tax and
landfill disposals tax, to form a range of taxes for which the
Welsh Government and National Assembly for Wales are now
- we're helping to design taxes that are more tailored to Welsh
economic needs and priorities.
If you'd like any further information, please visit the
Welsh Government website.