What is the Tax Statement required under section 30 of the Tax Collection and Management (Wales) Act 2016?

Section 30 requires the Welsh Revenue Authority to prepare a Tax Statement for each financial year. This document sets out the total amount of money WRA has collected during that year while carrying out its functions, providing a formal record of tax revenue collected.

Who issues the directions for preparing the WRA Tax Statement?

The Welsh Ministers issue directions governing the format and content of the Tax Statement. WRA must prepare the statement in accordance with these directions. The Welsh Ministers have ongoing flexibility to change or withdraw their directions at any time without requiring new legislation.

Can the Welsh Ministers change the requirements for the Tax Statement?

Yes, the Welsh Ministers may vary or revoke their directions at any time. This means the requirements for the Tax Statement can be updated as needed. For example, if additional detail is required for a subsequent financial year, the Ministers can vary their directions accordingly.

What taxes does the Welsh Revenue Authority collect that are reported in the Tax Statement?

WRA collects devolved Welsh taxes including land transaction tax and landfill disposals tax. The Tax Statement must show the total amount of money collected through the exercise of all WRA functions during the financial year, following the format set out in Welsh Ministers' current directions.

Tax Collection and Management (Wales) Act 2016 section 30

Tax Statement

Section 30 requires the Welsh Revenue Authority (WRA) to prepare an annual statement of tax collected, in accordance with directions from the Welsh Ministers.

WRA must prepare a "Tax Statement" for each financial year showing the total amount of money it has collected.
The Tax Statement must be prepared in accordance with directions given by the Welsh Ministers.
The Welsh Ministers may vary their directions at any time.
The Welsh Ministers may also revoke their directions at any time.

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