Box sets » Welsh taxes outlook - January 2026
Welsh rates of income tax receipts in 2023-24 were higher than forecast. In this box, we assessed the reasons for this forecast difference.
Land transaction tax receipts in 2024-25 were higher than forecast. In this box, we explored the factors behind this forecast difference, which was largely driven by stronger than expected residential transactions and prices.
Landfill disposals tax receipts in 2024-25 were higher than forecast. In this box, we explored the factors behind this forecast difference.
The UK Government's freezes to personal tax thresholds are expected to have a positive effect on the Welsh Government's budget. This box explored the reasons why.