8 Welsh rates of income tax
Wales Act 2014 (2014 c 29) | Legislation

Welsh rates of income tax

8  Welsh rates of income tax

(1)     Part 4A of GOWA 2006 (as inserted by section 6) is amended as follows.

(2)     In section 116A(1) (overview), after “Part” insert

“Ĕ

(a)     Chapter 2 confers on the Assembly power to set rates of income tax to be paid by Welsh taxpayers, and

()

(3)     After Chapter 1 insert—

“Chapter 2
Income Tax
116D Power to set Welsh rates for Welsh taxpayers

(1)     The Assembly may by resolution (a “Welsh rate resolution”) set one or more of the following—

(a)     a Welsh rate for the purpose of calculating the Welsh basic rate;

() a Welsh rate for the purpose of calculating the Welsh higher rate;

(c)     a Welsh rate for the purpose of calculating the Welsh additional rate.

(2)     See section 6B of the Income Tax Act 2007 for provision about the calculation of the Welsh basic, higher and additional rates and section 11B of that Act for provision about the income of Welsh taxpayers charged at those rates.

(3)     A Welsh rate resolution applies—

(a)     for only one tax year, and

() for the whole of that year.

(4)     Any Welsh

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