5. The Non-Domestic Rating (Multiplier) (Wales) Order 2018

Part of the debate – in the Senedd at 4:55 pm on 16 January 2018.

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Photo of Mark Drakeford Mark Drakeford Labour 4:55, 16 January 2018

(Translated)

Presiding Officer, non-domestic rates have been devolved to a large extent. This brings responsibilities and opportunities. Otherwise, using the CPI rather than the RPI to calculate the multiplier would add to the bills that taxpayers would face. The change will give a boost to businesses and other taxpayers in Wales whilst maintaining a stable flow of tax revenue for local services. The change will be funded in full by the Welsh Government. There will be no impact on the funding available to local government as a result of the lower bills for non-domestic properties. So, I would ask Members, therefore, to approve this Order this afternoon.