Welsh Rates of Income Tax (WRIT) (Welsh: Cyfradd Treth Incwm Cymru (CTIC)) is part of the UK income tax system and from 6 April 2019 a proportion of income tax paid by taxpayers living in Wales is transferred straight to the Welsh Government to fund Welsh public services.
The Wales Act 2014, which received Royal Assent on 17 December 2014, gave the National Assembly for Wales the power to set a Welsh basic, higher and additional rate of income tax to be charged on people living in Wales.
[3] If the Welsh rates of income tax are set at less than 10p, the UK Government will recover the money it does not collect from Wales by reducing Wales' block grant.
[3] WRIT rates for the 2019–20 year have been left at 10p, so income tax in Wales will be the same as those in England.
The Welsh Revenue Authority collects and manages Land Transaction Tax and Landfill Disposals Tax in Wales since 2018; WRIT continues to be collected by HMRC from Welsh taxpayers as one payment and then transfers WRIT receipts to the Welsh Government.