The Welsh Revenue Authority (WRA) has reported that it raised £242m in tax revenue for Wales during FY21.
The figures were published as part of the body’s annual report and accounts 2020 to 2021, which reflects the WRA’s performance during the financial year, the activities it carried out, how it is governed and managed, and the future challenges for the organisation.
Collected in place of the transaction and landfill disposals taxes, the funds will directly fund public services across Wales.
Kathryn Bishop, chair of the WRA, called FY21 “another remarkable year” for the body that was established in 2018.
She said: “We’re aware that the challenges of the last 15 months are not over, and there are other priorities to be addressed in the year ahead: meeting the demands of a new government, moving into new offices which will be our future home, whilst we are recovering from the impact of Covid-19.
“I’m confident that, based on the excellent efforts of the past 15 months, the Welsh Revenue Authority will be able to meet those challenges.”
Dyfed Alsop, chief executive at the organisation, said: “I’m proud of the way we maintained high levels of support for tax payers and agents.
“We moved our tax seminars online, kept our guidance up to date and, as far as possible, worked hard to make repayments on time. We also implemented rapid budget changes to the taxes we are responsible for and all done remotely.”