Understanding devolution in Wales: Section 1: Figure 11 Fiscal devolution (you can find a link to more information in the Further Reading section)

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Understanding devolution in Wales

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This is a screenshot of some financial information from the Welsh Government. It shows areas where, on the website, information boxes can be revealed about various tax developments from recent years. A diagram at the bottom of the screenshot shows numerous income streams – Welsh Block Grant, Non-domestic rates, Welsh Rates of Income Tax, Land Transaction Tax, Landfill Disposals Tax, Borrowing – all leading into a block labelled 'Welsh budget'. Within this diagram, Welsh Rates of Income Tax, Land Transaction Tax and Landfill Disposals Tax are specifically labelled as 'Devolved Taxes'.

Figure 11 Fiscal devolution (you can find a link to more information in the Further Reading section)

7.1 Raising taxes for the first time in 800 years

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