A wnaiff y Gweinidog nodi faint o refeniw y byddai amcangyfrifon Llywodraeth Cymru yn ei gynhyrchu gan y cynnydd a ganlyn ar draws pob band o dreth incwm yng Nghymru: 1 y cant; 2 y cant; a 3 y cant?
The static impact of increasing the Welsh Rates of Income Tax is shown in the table. This is based on the forecast for 2020-21 published on 16 December 2019 by the Office for Budget Responsibility in its Welsh Taxes Outlook. This static analysis does not take account of any behavioural impact on the income tax base arising from increasing the tax rates. These behavioural impacts would reduce the additional revenues relative to those shown in the table. The estimated impact on revenues from behavioural effects would be included in the Office for Budget Responsibility’s forecasts if the Welsh Government were to change the Welsh Rates of Income Tax.
Static impact of increasing the Welsh Rates of Income Tax (£ million)
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|
Increase in income tax rate: |
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|
1p |
2p |
3p |
|
Basic rate |
190 |
381 |
571 |
|
Higher rate |
25 |
49 |
74 |
|
Additional rate |
6 |
11 |
17 |
|
Total |
221 |
441 |
662 |
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