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Inquiry into the implementation of the Wales Act 2014 and operation of the Fiscal Framework
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.
The Committee published its report on 2
February 2021.
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.
Evidence session |
Date, Agenda and Minutes |
Transcript |
Video |
Office of Budget Responsibility Robert Chote, Chairman |
Read transcript |
Watch on Senedd.tv |
|
Audit Wales Adrian Crompton, Auditor General for Wales Richard Harries, Audit Director Mark Jeffs, Audit Manager |
Read transcript |
Watch on Senedd.tv |
|
Wales Governance Centre Dr Ed Poole, Senior Lecturer Guto Ifan, Research Associate |
Read transcript |
Watch on Senedd.tv |
|
Professor Gerry Holtham |
Read transcript |
Watch on Senedd.tv |
|
HM Revenue & Customs Ruth Stanier, Director General, Customer Strategy and Tax Design Jackie McGeehan, Deputy Director of Income Tax Policy |
Read transcript |
Watch on Senedd.tv |
|
National Audit Office Gareth Davies, Comptroller and Auditor General Darren Stewart, Director Ben Rodin, Audit Manager Lee Summerfield, Director |
Read transcript |
Watch on Senedd.tv |
|
Institute of Fiscal Studies David Phillips, Associate Director |
Read transcript |
Watch on Senedd.tv |
|
Wales Revenue Authority Dyfed Alsop, Chief Executive Rebecca Godfrey, Chief Strategy Officer Sam Cairns, Chief Operating Officer |
Read transcript |
Watch on Senedd.tv |
|
Welsh Government Rebecca Evans MS, Minister for Finance and Trefnydd Andrew Jeffreys, Director, Welsh Treasury Julian Revell, Head of Fiscal Analysis, Welsh Treasury |
Read transcript |
Watch on Senedd.tv |
* Please note that the information in the table is subject to change.
Business type: Committee Inquiry
Reason considered: Senedd Business;
Status: For consideration
First published: 29/06/2020
Documents
- Letter from the Chair of the Finance Committee to the Chief Secretary to the Treasury - 25 February 2021
PDF 172 KB
- Letter from the Chief Secretary to the Treasury - 23 February 2021
PDF 86 KB
- Letter from the Secretary of State for Wales – 22 February 2021
PDF 93 KB
- Letter from the Chair of the Finance Committee to the Secretary of State and Chief Secretary to the Treasury – 16 February 2021
PDF 164 KB
- Letter from the Chair of the Finance Committee to the Secretary of State – 2 February 2021
PDF 179 KB
- Letter from the Chair of the Finance Committee to the Chief Secretary to the Treasury – 2 February 2021
PDF 175 KB
- Letter from the Chair of the Finance Committee to HM Revenue and Customs – 2 February 2021
PDF 215 KB
- Letter from the Chair of the Finance Committee to Senedd Commission – 2 February 2021
PDF 178 KB
- Letter from the Chair of the Finance Committee to the Chief Secretary to the Treasury - 8 January 2021
PDF 187 KB
- Digital Engagement Summary Note – November 2020
PDF 243 KB
- Digital Engagement Infographic – November 2020
PDF 189 KB
- Note from Prof. Gerry Holtham re Block Grant Adjustment for devolved taxes – 13 November 2020
PDF 79 KB
- Letter from the Chair of the Finance Committee to the Secretary of State for Work and Pensions - 3 November 2020
PDF 178 KB
- Letter from Chair of the Finance Committee to the Chief Secretary to the Treasury - 23 September 2020
PDF 137 KB
- Letter from Chair of the Finance Committee to the Secretary of State - 23 September 2020
PDF 152 KB
Consultations