Ritchie Tout and Anne Smith look at the devolution of the UK tax system with the introduction of Welsh income tax
Slowly, but surely, the political devolution of the UK is being reflected in the UK tax system.
As regards Wales, Land Transaction Tax (LTT) and Landfill Disposal Tax (LDT) replaced SDLT and Landfill Tax from 1 April 2018. All the signs are that the Welsh Revenue Authority (WRA) will celebrate a highly successful first full year of operation.
As with the Scottish Parliament and Revenue Scotland, the Welsh Assembly and the WRA have chosen to deviate from the UK Government and HMRC model. The impact of these variations on taxpayers, the tax authorities and the devolved authorities/parliaments will be of interest to practitioners and academics alike in the years to come.