The Welsh Budget has been approved by the National Assembly for Wales, confirming the Welsh rates of Income Tax (WRIT).
From 6 April 2019, taxpayers with their main residence in Wales will pay the WRIT. From April, the UK government will reduce the three rates of income tax paid by Welsh taxpayers, in line with the Scottish system. Therefore, the basic rate drops from 20% to 10%, the higher rate from 40% to 30%, and the additional rate from 45% to 35%. The other 10% claimed will be paid in to the Welsh economy
The Welsh government has pledged not to increase the WRIT for the duration of the current assembly (up to May 2021) so Welsh taxpayers will be paying the same rates as their counterparts who reside in England and Northern Ireland.
