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Wales to be offered tax raising powers
4 November 2013
The Welsh government will be offered some control over income tax subject to a referendum.
Speaking in Cardiff Bay, the Prime Minister and his deputy announced new financial powers for the devolved administration.
They include control of the stamp duty paid by house buyers and powers to finance upgrades on the M4.
It follows the publication of a report last year which said the Welsh government should have new tax powers.
At present Wales' devolved administration cannot vary taxes or borrow money, and gets its budget in a grant from the Treasury.
Last November the Silk Commission, set up by the Westminster coalition, said the Welsh government should be responsible for raising some of the money it spends.
'Opportunity to decide' It included a recommendation to devolve powers to vary a portion of income tax by 2020, following a referendum. Mr Cameron said Wales will be given borrowing powers, control of landfill tax and stamp duty, and a House of Commons bill giving permission to hold a referendum on the devolution of income tax. CIPP comment Where will it end? By the time the UK has finished we will have four different tax systems to operate in payroll; Scotland which we know is coming, England, now Wales potentially in 2020 - that just leaves Northern Ireland! One saving grace is our payroll software providers will have gone through one process and ironed out any wrinkles for the Scottish tax system; but that is of course assuming Wales decides to operate in the same way as Scotland; what are the chances of that? Read the full story from the BBC News .
Nick Clegg pushes for £10,500 personal allowance from 2015
19 November 2013
The threshold is due to reach £10,000 in 2014/15 but the Deputy PM wants to make it £10,500 from 2015 - a move that would cost the Treasury £1bn.
The BBC reports:
Nick Clegg says he is pushing his Tory coalition partners to agree to cut income tax bills by another £100. The government has repeatedly raised the personal allowance - the amount people can earn before paying income tax - since the 2010 election.
The threshold is due to reach £10,000 in 2014/15 but Mr Clegg wants to to raise the threshold by another £500 as a "workers' bonus" to make it £10,500 from 2015 - a move that
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