Rebecca Evans MS, Minister for Finance and Local Government.
HMRC has published the second set of annual outturn statistics for the Welsh rates of income tax. This marks another important step in the tax devolution process in Wales. The outturn statistics show that the Welsh rates of income tax in 2020-21 raised £2,140m, up 4.9% on 2019-20.
A link to the statistics can be found at:
https://www.gov.uk/government/statistics/welsh-income-tax-outturn-statistics-2020-to-2021
The income tax outturn statistics provide both the Welsh rates of income tax revenues and the equivalent Income Tax revenues for the rest of UK. These figures are used to calculate the Welsh Government’s Block Grant Adjustment and the reduction in funding from the UK Government to take account of revenues the Welsh Government receives directly from the devolved taxes.
For further information visit Written Statement: Publication of Welsh rates of income tax outturn statistics (8 July 2022) | GOV.WALES