7 Chwefror 2024 , Finance Committee
Goblygiadau ariannol Bil Cyllid Llywodraeth Leol (Cymru): Sesiwn dystiolaeth
Because the knock-on effect on local authorities and their tax take and then, obviously, the way that the revenue support grant is worked through, it has knock-on effects on beyond just the council tax system, hasn't it? Because it has a knock-on effect on…
7 Chwefror 2024 , Finance Committee
Goblygiadau ariannol Bil Cyllid Llywodraeth Leol (Cymru): Sesiwn dystiolaeth
Going on to Mike's comment about Ynys Môn and other parts, especially in rural Wales, where house prices might have jumped considerably and there could be a change in bands that could be quite dramatic in some places, have you given any thought to…
7 Chwefror 2024 , Finance Committee
Goblygiadau ariannol Bil Cyllid Llywodraeth Leol (Cymru): Sesiwn dystiolaeth
But it's the redistribution element.
7 Chwefror 2024 , Finance Committee
Goblygiadau ariannol Bil Cyllid Llywodraeth Leol (Cymru): Sesiwn dystiolaeth
Am I right in saying that looking at bands is a net-neutral change? You're not looking to raise extra revenue.
7 Chwefror 2024 , Finance Committee
Goblygiadau ariannol Bil Cyllid Llywodraeth Leol (Cymru): Sesiwn dystiolaeth
And—. Sorry, Mike, I'll come in after you.
7 Chwefror 2024 , Finance Committee
Goblygiadau ariannol Bil Cyllid Llywodraeth Leol (Cymru): Sesiwn dystiolaeth
Mike.
7 Chwefror 2024 , Finance Committee
Goblygiadau ariannol Bil Cyllid Llywodraeth Leol (Cymru): Sesiwn dystiolaeth
Carry on, Mike, I think Peter's finished. Yes.
7 Chwefror 2024 , Finance Committee
Goblygiadau ariannol Bil Cyllid Llywodraeth Leol (Cymru): Sesiwn dystiolaeth
Okay. Thank you. Peter.
7 Chwefror 2024 , Finance Committee
Goblygiadau ariannol Bil Cyllid Llywodraeth Leol (Cymru): Sesiwn dystiolaeth
So, it's complementing it, rather than subverting it or adding to it.
7 Chwefror 2024 , Finance Committee
Goblygiadau ariannol Bil Cyllid Llywodraeth Leol (Cymru): Sesiwn dystiolaeth
Casting our minds back to the tax Acts and—we discussed this a lot in detail then—the general avoidance regulations, where does that dovetail into some of the work here? Does it add to it, or are we re-legislating for something that we've already got, or just…
7 Chwefror 2024 , Finance Committee
Goblygiadau ariannol Bil Cyllid Llywodraeth Leol (Cymru): Sesiwn dystiolaeth
Okay, thank you, Rhianon. Peter.
7 Chwefror 2024 , Finance Committee
Goblygiadau ariannol Bil Cyllid Llywodraeth Leol (Cymru): Sesiwn dystiolaeth
Rhianon, have you got any further questions, or—?
7 Chwefror 2024 , Finance Committee
Goblygiadau ariannol Bil Cyllid Llywodraeth Leol (Cymru): Sesiwn dystiolaeth
—down the line. I know Mike wants to come in on this question.
7 Chwefror 2024 , Finance Committee
Goblygiadau ariannol Bil Cyllid Llywodraeth Leol (Cymru): Sesiwn dystiolaeth
But it would be a potential benefit of this Bill to enable you to be able to do that kind of thing—
7 Chwefror 2024 , Finance Committee
Goblygiadau ariannol Bil Cyllid Llywodraeth Leol (Cymru): Sesiwn dystiolaeth
In the secondary legislation.
7 Chwefror 2024 , Finance Committee
Goblygiadau ariannol Bil Cyllid Llywodraeth Leol (Cymru): Sesiwn dystiolaeth
Would the new system or this Bill enable you to be innovative with regard to other businesses? For example, in the budget debate yesterday, we were talking about the potential for looking at bigger, multinational companies and the difference between those and…
7 Chwefror 2024 , Finance Committee
Goblygiadau ariannol Bil Cyllid Llywodraeth Leol (Cymru): Sesiwn dystiolaeth
Thank you very much. I'll bring Rhianon in at that point, please.
7 Chwefror 2024 , Finance Committee
Goblygiadau ariannol Bil Cyllid Llywodraeth Leol (Cymru): Sesiwn dystiolaeth
And they're quite receptive to this Bill and supportive of it.
7 Chwefror 2024 , Finance Committee
Goblygiadau ariannol Bil Cyllid Llywodraeth Leol (Cymru): Sesiwn dystiolaeth
Thank you for that. Finally from me, much of the cost identified in the RIA is associated with activities undertaken by other bodies, like the Valuation Office Agency, the Valuation Tribunal for Wales and local authorities. Are you satisfied with the…
7 Chwefror 2024 , Finance Committee
Goblygiadau ariannol Bil Cyllid Llywodraeth Leol (Cymru): Sesiwn dystiolaeth
But looking at the explanatory memorandum and the RIA, it contains a 10-year costing. Has any of that future work been thought about when looking at future costs? Have some assumptions been made about down the line? You're talking about taxes that might…
7 Chwefror 2024 , Finance Committee
Goblygiadau ariannol Bil Cyllid Llywodraeth Leol (Cymru): Sesiwn dystiolaeth
You've talked about reform of local taxes at various points through this and the last Senedd. This has included exploration of different systems, such as land value tax. To what extent does this Bill represent the extent of the Welsh Government's ambition in…
7 Chwefror 2024 , Finance Committee
Goblygiadau ariannol Bil Cyllid Llywodraeth Leol (Cymru): Sesiwn dystiolaeth
So, this Bill is designed, really, to give you the flexibility to be able to adapt taxes as it goes along, and to be able to have more flexibility in varying different aspects for the Welsh taxpayer, if you like, and probably diverge more from what's…
7 Chwefror 2024 , Finance Committee
Goblygiadau ariannol Bil Cyllid Llywodraeth Leol (Cymru): Sesiwn dystiolaeth
As we see with a lot of framework Bills, it creates that financial uncertainty, especially for this committee to understand the overall cost of Bills. So, it's always going to be a little bit of a concern for this committee that we don't know exactly what's…
7 Chwefror 2024 , Finance Committee
Goblygiadau ariannol Bil Cyllid Llywodraeth Leol (Cymru): Sesiwn dystiolaeth
Thank you very much. The total net costs associated with the Bill are around £60 million, but much of the Bill has not been costed as the activity will be taken forward via secondary legislation. Are you able to provide further information on the potential…
7 Chwefror 2024 , Finance Committee
Goblygiadau ariannol Bil Cyllid Llywodraeth Leol (Cymru): Sesiwn dystiolaeth
What are the highlights, then? Revaluation is one of the highlights on council tax and on non-domestic rates. Are there other things within there that are key objectives of this?
