The draft 2027-28 Welsh Budget will be published on 17 November 2026, with the final Budget scheduled for 16 February 2027.
Departing from last year's approach, Elin Jones, Welsh Cabinet Minister for Finance, confirmed the decision to publish the outline and detailed proposals together, intending to provide greater transparency to the Senedd.
- The outline and detailed Draft Budget will be published on 17 November 2026.
- These will be debated in the Senedd on 19 January 2027.
- The Final Budget will be published on 16 February 2027.
- A debate and vote on the Final Budget will take place on 23 February 2027.
Ms Jones has said the publication dates will allow for nine weeks of scrutiny and give members time to understand any changes made.
Wales has the power to make decisions on the following taxes:
- Welsh Rates of Income Tax (WRIT).
- Landfill Disposals Tax (LDT).
- Land Transaction Tax (LTT).
- Non-Domestic Rates (NDR).
Last year, Welsh Income Tax rates did not increase. However, Finance Act 2026 gave Wales (and Scotland) the power to set a separate rate of property Income Tax, meaning the Welsh government could increase Income Tax on property income in line with the UK government proposals in Autumn Budget 2025.
The 2026-27 Final Budget for Wales was published on 20 January 2026.
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 LTT Rates
What are Welsh Land Transaction Tax (LTT) Rates? How do you calculate Welsh Land Transaction Tax?
Welsh Land Transaction Tax (LTT)
What is Land Transaction Tax? How does it operate? What reliefs are available?
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