In accordance with the fiscal framework agreed by the Welsh and UK Governments, we were formally commissioned in April 2019 by the Welsh Government to produce independent forecasts for devolved Welsh taxes alongside each Draft Budget.
Our 2020 Welsh taxes outlook (WTO) was published alongside the Welsh Government’s Draft Budget for 2021-22 and sets out our forecast for each of the devolved Welsh taxes: Welsh rates of income tax, land transaction tax and landfill disposal tax.
On 22 June we published a small update to the Welsh taxes outlook based on recent developments in land transaction tax and landfill disposals tax receipts.