Inquiry into the implementation of the Wales Act 2014 and operation of the Fiscal Framework
- This consultation has completed. It ran from Wednesday, 1 July 2020 to Friday, 4 September 2020
- View the background to this consultation
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Response to the consultation
Evidence submitted in response to this Consultation
- Consultation pack PDF 2 MB
- FFWA 01 Audit Wales PDF 289 KB
- FFWA 02 Australian Parliamentary Budget Office PDF 287 KB
- FFWA 03 FSB Wales PDF 636 KB
- FFWA 04 Victorian Parliamentary Budget Office PDF 413 KB
- FFWA 05 Welsh Government PDF 321 KB
- FFWA 06 Department for Work and Pensions PDF 121 KB
- FFWA 07 HM Revenue & Customs PDF 158 KB
- FFWA 08 Chartered Institute of Taxation & Low Incomes Tax Reform Group PDF 190 KB
- FFWA 09 National Audit Office PDF 269 KB
Purpose of the consultation
Purpose of the consultation
The Finance Committee is undertaking an inquiry into the implementation of the Wales Act 2014 and the operation of the Fiscal Framework. The inquiry will also consider public awareness of fiscal devolution and taxation in Wales.
Terms of Reference
- The Welsh Government’s tax principles, whether these have been met and whether the current tax regime and proposed new taxes align with these principles;
- How successful the administration of Welsh taxes and the Welsh Rates of Income Tax has been;
- What possible future tax changes could look like and what scope there is for a different approach to taxation in Wales;
- How the mechanism for devolving powers for new Welsh taxes has been performing.
The Fiscal Framework
- Consider the fiscal framework processes and how funding is allocated to the Welsh block grant;
- Examine the application of the Barnett Formula and the criteria for excluding specific funding from the formula;
- Consider the block grant adjustment mechanism and the effectiveness of the adjustment model;
- Review the suitability of the budget management tools such as the Wales Reserve, and the ability to borrow;
- Evaluate the treatment of spill-over effects and the mechanism for agreeing these effects;
- Draw comparisons between Wales and other international fiscal frameworks.
Providing Written Evidence
The Senedd has two official languages, Welsh and English.
In line with the Senedd’s Official Languages Scheme the Committee requests that documents or written responses to consultations intended for publication or use in Senedd proceedings are submitted bilingually. When documents or written responses are not submitted bilingually, we will publish in the language submitted, stating that it has been received in that language only.
We expect other organisations to implement their own standards or schemes and to comply with their statutory obligation.
Disclosure of information
Please ensure that you have considered the Senedd’s policy on disclosure of information before submitting information to the Committee.
- Inquiry into the implementation of the Wales Act 2014 and operation of the Fiscal Framework – Consultation PDF 528 KB View as HTML (1) 29 KB
Should you wish to speak to someone regarding this consultation, please use the below contact details:
Telephone: 0300 200 6565