Consultation display

Inquiry into the implementation of the Wales Act 2014 and operation of the Fiscal Framework

Response to the consultation

Evidence submitted in response to this Consultation

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

 

Taxation

  • 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.

Please see guidance for those providing evidence for committees

 

Disclosure of information

Please ensure that you have considered the Senedd’s policy on disclosure of information before submitting information to the Committee.

Supporting documents

Contact details

Should you wish to speak to someone regarding this consultation, please use the below contact details:

Finance Committee
Welsh Parliament
Cardiff Bay
Cardiff
CF99 1SN

Email: SeneddFinance@senedd.wales
Telephone: 0300 200 6565

 

 

You are in :

  1. Home
  2. Senedd Business

Partners & Help