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.
Documents in relation to the Finance Committee’s responsibilities in these areas can be found below.
Reason considered: Assembly Business;
Type: For information
First published: 20/07/2016