Wales has been granted limited tax raising powers including the Welsh rates of income tax. These are expected to come into force in April 2019, at which time Wales will control 10p in each band of income tax collected within its borders.

The Tax Collection and Management Act was passed by the National Assembly in April 2016 which provides the Welsh Government with the powers to collect and manage their own taxes. The Welsh Revenue Authority is being established to do this and will be operational by 2018.