The Welsh Parliament has announced that its outline and detailed draft budget will be published on Tuesday 19 December 2023. This will set out the tax, spending, and financing plans for Wales for 2024-25.
The final Welsh budget will be published on 27 February 2024.
Since 6 April 2019, Wales has been able to set its own Welsh Rate of Income Tax. This followed the introduction, from 1 April 2018, of Land Transaction Tax (LTT) which replaced Stamp Duty Land Tax in Wales.
The last draft Welsh budget was published on 13 December 2022.
Useful guides on this topic
Welsh Income Tax (subscriber guide)
Since 6 April 2019, Wales has been able to set its own Welsh Rate of Income Tax.
Welsh Income Tax: Am I a Welsh Taxpayer?
Who is a Welsh taxpayer? What if I move across the border during the tax year? What about non-UK residents who work in Wales?
Welsh Land Transaction Tax (LTT)
What is Land Transaction Tax? How does it operate? What reliefs are available?
Welsh LTT Rates
What are Welsh Land Transaction Tax (LTT) Rates? How do you calculate Welsh Land Transaction Tax?
External link
Welsh Government Draft Budget 2024-25
Are you enjoying our content?
Thousands of accountants and advisers and their clients use www.rossmartin.co.uk as their primary TAX resource.
Register with us now to receive our receive our FREE SME Topical Tax Update & newletter.
