The Finance Committee considers any proposals for, and the progress of the devolution of fiscal powers to Wales.
Proposals for the devolution of fiscal powers to Wales arose from the Commission on Devolution in Wales (also known as the Silk Commission), which its first report made recommendations in relation to the devolution of certain taxes. The Wales Act 2014 implemented some of the Commission’s recommendations, including giving powers to the Assembly to make laws imposing tax on land transactions and on disposal to landfill. The Tax Collection and Management (Wales) Act 2016 established the Welsh Revenue Authority to collect and manage the taxes devolved by the Wales Act.
The Committee’s responsibilities also include considering annual reports on the implementation and operation of Part 2 (Finance) of the Wales Act 2014 laid annually by the UK Government and the Welsh Government.
The UK Government’s Wales Bill was published in 2016, and the Committee also considered the financial implications of this Bill.
The Committee published its report on the implementation of fiscal devolution in Wales (PDF, 5577KB) in March 2018. The Cabinet Secretary for Finance responded to the Finance Committee’s report (PDF, 78KB) in May 2018.
Documents in relation to the Finance Committee’s responsibilities in these areas can be found below.
Business type: Budget Scrutiny
Reason considered: Assembly Business;
Status: For consideration
First published: 20/07/2016
Decision due: Meeting Date by Finance Committee