Wales to get new financial powers | AccountingWEB

Wales to get new financial powers

The government has published its response to the Silk Commission’s recommendations on Welsh tax devolution and financial powers.

The major reform, which could see the Welsh government in control of £3bn in tax revenue, includes control of business rates, the ability to create new taxes and some borrowing powers.

Out of 33 of the commission’s recommendations, 31 have been accepted by the government either in part or in full, including...


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