MS, Cabinet Secretary for
Finance and Welsh Language: I am pleased to announce that today I
have laid draft Regulations to extend
the expiry date of the power provided to Welsh Ministers by
section 1 of the Welsh Tax Acts etc. (Power to Modify) Act 2022
(the “2022 Act”) from the current expiry date of 8 September
2027 to a new expiry date of 30 April 2031. To see the
Explanatory Memorandum to The Welsh Tax Acts etc. (Power to
Modify) Act 2022 (Extension of Expiry Date) Regulations
2026 here.
This Written Statement follows that published on 13 February 2026. The
earlier Written Statement accompanied the publication of
the summary of responses on views on the appropriate
mechanisms for making changes to the Welsh Tax Acts consultation
and the Welsh Ministers review of the Welsh Tax Acts etc. (Power
to Modify) Act 2022. The consultation undertaken with the public
and Senedd Cymru contributed to the review, which must be
published prior to regulations to extend the expiry date being
laid.
The Regulations ensure that by retaining this regulation making
power for this longer period, the next Welsh Government will
continue to have the ability to quickly and flexibly make changes
using the regulation making power in section 1 of the 2022 Act if
the need arises. The next Welsh Government and Senedd will then
also have time over the next Senedd term to establish what future
mechanisms they wish to introduce to make changes to the Welsh
Tax Acts, whilst maintaining the protection provided by the power
in the 2022 Act.
I look forward to the debate on the Regulations on 17 March 2026.
