Part of 1. Questions to the Minister for Finance and Local Government – in the Senedd at 1:55 pm on 28 September 2022.
Well, we consider all of our tax levers at all points across the rates and bands that we're able to set in Welsh rates of income tax, land transaction tax and landfill disposals tax, whilst also looking at the local taxes that we have here in Wales as well. So, all of these things are constantly under review. Of course we do the modelling to understand what the impact would be of different choices. There was a really important piece of work undertaken by the Finance Committee previously that looked at the implications of raising what was at the time the additional rate, and that, I think, was quite helpful in terms of getting to grips with what is a very new thing for us, of course. We've only had Welsh rates of income tax here in Wales since 2019, and we're starting to understand what the options might be for the future. Of course, we consider all of these things at all times, but what I'm not going to do is make any announcements outside of our normal budget process.