Part of the debate – in the Senedd at 4:54 pm on 13 December 2022.
Diolch, Llywydd. I move the motion to approve the Non-Domestic Rating (Chargeable Amounts) (Wales) Regulations 2022. The regulations provide transitional relief to ratepayers with increased liabilities as a result of the non-domestic rating revaluation taking effect on 1 April 2023. Relief will be provided in a similar way to the scheme we applied following the 2017 revaluation, but with eligibility extended across the whole of the tax base. This universal approach will provide greater clarity to ratepayers in Wales. Alongside our permanent reliefs and the other interventions I've announced as part of the draft budget, the regulations mean that we'll be providing over £550 million of fully funded rate support in 2023-24. I'm grateful to the Legislation, Justice and Constitution Committee for its consideration of the regulations. No issues have been raised. I therefore ask Members to approve the regulations today.