Funding prosperity

Creating a new tax system in Wales

Two new devolved taxes became operational from April 2018, Land Transaction Tax (LTT) and
Landfill Disposal Tax (LDT). Changes to tax policy and administration create challenges for
taxpayers and practitioners, in addition to potentially influencing taxpayer behaviour. Therefore,
understanding the way new taxes are communicated and implemented, and the way they are
administered in practice, is important.

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