Agenda and minutes

Venue: Committee Room 3 - Senedd. View directions

Contact: Bethan Davies 

Media

Senedd.TV: View the webcast

Transcript: Transcript for 08/01/2021 - Finance Committee - Fifth Senedd

Items
Note No. Item

1.

Introductions, apologies, substitutions and declarations of interest

Minutes:

1.1 The Chair welcomed Members to the virtual meeting of the Finance Committee.

 

 

1.2 Apologies were received from Mark Reckless MS.

(09.30)

2.

Paper(s) to note

Minutes of the meeting on 16 December 2020.

Supporting documents:

Minutes:

2.1 The papers were noted.

2.1

PTN 1 - Letter from the Minister for Finance and Trefnydd to the Chair: Third Supplementary budget 2020-21 - 23 December 2020

Supporting documents:

(09.30-11.15)

3.

Scrutiny of the Welsh Government's Draft budget 2021-22: Evidence session 1

Rebecca Evans MS, Minister for Finance and Trefnydd

Andrew Jeffreys, Director Treasury, Welsh Government

Margaret Davies, Deputy Director of Strategic Budgeting, Welsh Government

Matt Wellington, Head of Budget Delivery, Welsh Government

Anna Adams, Deputy Director, Head of Tax Strategy Policy and Engagement

 

Supporting papers:

Draft Budget 2021 - 2022

FIN(5)-01-21 P1 - Consultation responses booklet

FIN(5)-01-21 P2 - Summary of consultation responses

FIN(5)-01-21 P3 - Letter from the First Minister: Responsibilities of the Counsel General - 23 December 2020

Research Brief

Supporting documents:

Minutes:

3.1 The Committee took evidence from Rebecca Evans MS, Minister for Finance and Trefnydd; Andrew Jeffreys, Director Treasury, Welsh Government; Margaret Davies, Deputy Director of Strategic Budgeting, Welsh Government; Matt Wellington, Head of Budget Delivery, Welsh Government; and Anna Adams, Deputy Director, Head of Tax Strategy Policy and Engagement, on the scrutiny of the Welsh Government's Draft budget 2021-22.

 

3.2 The Minister for Finance and Trefnydd agreed to:

·         provide an update on the work of the income tax working group;

·         share the analysis of information gathered from all colleges on the impact of the personal learning accounts;

·         share information on the costs of changing the criteria for free school meals; and

·         share the analysis on the impact of creating a higher tax band for Non-residential property transactions.

 

 

(11.15-11.30)

4.

Tax Statutory Instruments: Evidence session

Rebecca Evans MS, Minister for Finance and Trefnydd

Andrew Jeffreys, Director Treasury, Welsh Government

Margaret Davies, Deputy Director of Strategic Budgeting, Welsh Government

Matt Wellington, Head of Budget Delivery, Welsh Government

Anna Adams, Deputy Director, Head of Tax Strategy Policy and Engagement

 

Supporting papers: 

FIN(5)-01-21 P4 - The Land Transaction Tax (Tax Bands and Tax Rates) (Wales) (Amendment) Regulations 2020 

SUB-LD13969 - The Land Transaction Tax (Tax Bands and Tax Rates) (Wales) (Amendment) Regulations 2020 

SUB-LD13969-EM - The Land Transaction Tax (Tax Bands and Tax Rates) (Wales) (Amendment) Regulations 2020 - Explanatory Memorandum 

 

FIN(5)-01-21 P5 - The Land Transaction Tax (Specified Amount of Relevant Rent) (Wales) (Amendment) Regulations 2021 

SUB-LD13973 - The Land Transaction Tax (Specified Amount of Relevant Rent) (Wales) (Amendment) Regulations 2021 

SUB-LD13973-EM - The Land Transaction Tax (Specified Amount of Relevant Rent) (Wales) (Amendment) Regulations 2021 - Explanatory Memorandum 

 

FIN(5)-01-21 P6 - The Landfill Disposals Tax (Tax Rates) (Wales) (Amendment) (No. 2) Regulations 2020 

SUB-LD13968 - The Landfill Disposals Tax (Tax Rates) (Wales) (Amendment) (No. 2) Regulations 2020 

SUB-LD13968-EM The Landfill Disposals Tax (Tax Rates) (Wales) (Amendment) (No. 2) Regulations 2020 - Explanatory Memorandum

 

FIN(5)-01-21 P7 - Letter from the National Registration Landlords Association to the Minister for Finance and Trefnydd: Changes to Land Transaction Tax Higher Rate – 5 January 2021

Supporting documents:

Minutes:

4.1 The Committee took evidence from Rebecca Evans MS, Minister for Finance and Trefnydd; Andrew Jeffreys, Director Treasury, Welsh Government; Margaret Davies, Deputy Director of Strategic Budgeting, Welsh Government; Matt Wellington, Head of Budget Delivery, Welsh Government; and Anna Adams, Deputy Director, Head of Tax Strategy Policy and Engagement, on Tax Statutory Instruments.

(11.30)

5.

Motion under Standing Order 17.42 (ix) to resolve to exclude the public from the remainder of this meeting

Minutes:

5.1 The motion was agreed.

(11.30-11.45)

6.

Scrutiny of the Welsh Government's Draft budget 2021-22: Consideration of evidence

Minutes:

6.1 The Committee considered the evidence received.

(11.45-12.00)

7.

Tax Statutory Instruments: Consideration of evidence

Minutes:

7.1 The Committee considered the evidence received and agreed to report on the statutory instruments.

(12.00-12.10)

8.

Consideration of draft letter to the Chief Secretary of the Treasury: Inquiry into the Fiscal Framework; and Comprehensive Spending Review

Supporting papers:

FIN(5)-01-21 P8 – Draft letter

Supporting documents:

Minutes:

8.1 The Committee considered the draft letter.

(12.10-12.15)

9.

Consideration of the Forward Work Programme

Supporting papers:

FIN(5)-01-21 P9 – Forward Work Programme

Supporting documents:

Minutes:

9.1 The Committee considered the forward work programme.