, Finance Committee
Welsh Tax Acts etc. (Power to Modify) Bill: Evidence session 3
If we go to Glenn first on this.
, Finance Committee
Welsh Tax Acts etc. (Power to Modify) Bill: Evidence session 3
I know we've heard a bit from Glenn about this previously; I don't know if you had anything else to add.
, Finance Committee
Welsh Tax Acts etc. (Power to Modify) Bill: Evidence session 3
I'll bring Richard in and then Glenn, if there is anything to add.
, Finance Committee
Welsh Tax Acts etc. (Power to Modify) Bill: Evidence session 3
Who would like to go first? Frank?
, Finance Committee
Welsh Tax Acts etc. (Power to Modify) Bill: Evidence session 3
Thank you. I'll come on to Peter, then. Thank you, Peter.
, Finance Committee
Welsh Tax Acts etc. (Power to Modify) Bill: Evidence session 3
Okay. I don't know if Glenn has got anything to add.
, Finance Committee
Welsh Tax Acts etc. (Power to Modify) Bill: Evidence session 3
Either of the others. Richard, or—.
, Finance Committee
Welsh Tax Acts etc. (Power to Modify) Bill: Evidence session 3
I think Frank has talked a little bit about this already, so shall we come to you first, Frank?
, Finance Committee
Welsh Tax Acts etc. (Power to Modify) Bill: Evidence session 3
Either of the others?
, Finance Committee
Welsh Tax Acts etc. (Power to Modify) Bill: Evidence session 3
I don't know who wants to go first, or if anybody can think of one.
, Finance Committee
Welsh Tax Acts etc. (Power to Modify) Bill: Evidence session 3
Okay, thank you very much. I'll go over to Mike. Thank you.
, Finance Committee
Welsh Tax Acts etc. (Power to Modify) Bill: Evidence session 3
Okay, thank you very much. I don't know if Richard has got anything to add, otherwise I'll move on to Mike. But if you've got some comments—.
, Finance Committee
Welsh Tax Acts etc. (Power to Modify) Bill: Evidence session 3
You're a big fan, yes. Frank, would you echo the sunset clause and maybe do you have a comment on the locking/unlocking mechanism that was proposed but didn't get carried through?
, Finance Committee
Welsh Tax Acts etc. (Power to Modify) Bill: Evidence session 3
And what about the locking out that we were talking about—the locking mechanism that they were talking about, I think, when they were starting out with this journey, but that hasn't made its way into the later stages? Is that something that is beneficial or…
, Finance Committee
Welsh Tax Acts etc. (Power to Modify) Bill: Evidence session 3
So, would a sunset clause be a better way, or a lock to unlock it in the first place?
, Finance Committee
Welsh Tax Acts etc. (Power to Modify) Bill: Evidence session 3
Glenn, can you think of any aspects?
, Finance Committee
Welsh Tax Acts etc. (Power to Modify) Bill: Evidence session 3
Have either of the other two got any thoughts on that? Richard, maybe.
, Finance Committee
Welsh Tax Acts etc. (Power to Modify) Bill: Evidence session 3
Okay, thank you very much. So, given that the powers in the Bill would be used to address unknown future events, can you foresee any potential scenarios where the use of these powers could be considered controversial? If you wanted to just continue there…
, Finance Committee
Welsh Tax Acts etc. (Power to Modify) Bill: Evidence session 3
So, what are the strengths and weaknesses of this approach, compared to others? Maybe that's to the three of you, if there's anybody who wants to come in on that.
, Finance Committee
Welsh Tax Acts etc. (Power to Modify) Bill: Evidence session 3
Do you feel that secondary legislation would be an appropriate mechanism for making significant tax changes like this? Or is primary—?
, Finance Committee
Welsh Tax Acts etc. (Power to Modify) Bill: Evidence session 3
Yes. And Richard, I think, is nodding as well. But I'll give you chance to say so yourself.
, Finance Committee
Welsh Tax Acts etc. (Power to Modify) Bill: Evidence session 3
I see Frank nodding his head there. Is that the view of the three of you? Frank, you mentioned it in your previous answer, so I think you're probably saying the same sort of thing.
, Finance Committee
Welsh Tax Acts etc. (Power to Modify) Bill: Evidence session 3
So, do you think that the Bill highlights the need for a legislative budget process, to enable Welsh tax Acts to be made through primary legislation?
, Finance Committee
Welsh Tax Acts etc. (Power to Modify) Bill: Evidence session 3
Glenn, did you have anything to add to that?
, Finance Committee
Welsh Tax Acts etc. (Power to Modify) Bill: Evidence session 3
Thank you, Richard. Frank, would you like to comment?