10 January 2022
Dear Rebecca,
Welsh Tax Acts etc. (Power to Modify) Bill
During the evidence session on 22 December 2021, the Committee explored the potential costs of
implementing changes to Welsh Tax Acts, given that the costs in the Explanatory Memorandum are
unknown. Referring to the actual costs of implementing immediate changes to the Land Transaction
Tax rates and thresholds in response to the UK Government’s changes to Stamp Duty Land Tax in July
2020, you said on 22 December 2021 that:
“That cost very little. I don't have the exact figure in front of me, but I remember at the time the WRA
in a meeting were very pleased at how little it cost and how they were able just to absorb it within
their normal operating and how they were able to just respond so very quickly and effectively.”
The Committee would like to understand the potential costs involved in implementing any
subordinate legislation arising from the Bill, such as updating systems, forms, guidance and
communicating any changes. As a recent and concrete example of implementing tax changes at
pace, we would be grateful for a breakdown of the actual costs associated with implementing the
Land Transaction Tax (Temporary Variation of Rates and Bands for Residential Property Transactions)
(Wales) Regulations 2020 to assist our Stage 1 scrutiny.
Yours sincerely,
Y Pwyllgor Cyllid — Finance Committee
Senedd Cymru Bae Caerdydd, Caerdydd, CF99 1SN
SeneddCyllid@enedd.cymru senedd.cymru/SeneddCyllid
0300 200 6565
— Welsh Parliament
Cardiff Bay, Cardiff, CF99 1SN SeneddFinance@senedd.wales
senedd.wales/SeneddFinance 0300 200 6565
Rebecca Evans MS
Minister for Finance and Local Government
Peredur Owen Griffiths MS
Chair, Finance Committee
Croesewir gohebiaeth yn Gymraeg neu Saesneg.
We welcome correspondence in Welsh or English.
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