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About: Taxation in Wales     Goto   Sponge   NotDistinct   Permalink

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Taxation in Wales (Welsh: Trethi yng Nghymru) typically comprises payments to one or more of the three different levels of government: the UK government (Her Majesty's Revenue and Customs), the Welsh Government, and local government. In the fiscal year 2017–18, total Welsh government revenue was forecast to be £27.1 billion, or 38.3 per cent of GDP, with net VAT, income tax, and National Insurance contributions standing at £15.8 billion. The Welsh Government acquired the power to vary income tax on the 10% share it collects in 2019, however it has not opted to do so.