The latest update of the WIMD ranks was in 2014. The 2018 edition provides an overview of tax revenue collections and tax return information for the 2014 to 2017 tax years, as well as the 2013/14 to 2017/18 fiscal years. the proportion received within a month of the date the transaction became effective) has remained near 100% over the course of the year, with an increase in the proportion received within 14 days over the course of the year. This will be added in the coming year and included in a future annual statistical release. The full list of tax rates and tax bands can be found on the WRA website. Each update of WIMD ranks is designed to last for around three to six years. It demonstrates that the rate of electronic submission for returns has fluctuated a little around an average of 97%. Figures 8.1 to 8.4 present ratios (for example tax due per transaction or higher rates transactions as a proportion of all transactions). The valuation of the properties associated with those conveyances and transfer of ownership during 2018-19 was £11.6 billion (not shown in Figure 2.6).
It shows that the level of timeliness in receiving Land Transaction Tax returns (i.e. Furthermore, most of the variation in terms of deprivation is found in the most deprived tenths. Although we are unable to determine the influence of some of these categories (because the LTT return does not ask the question), analysis in section 9 of this release (by deprivation) allows us to draw a tentative conclusion that buy-to-let properties are at least as prevalent as second or holiday homes as a factor on why the higher rates of tax are charged. This use of ratios is needed to create comparable data across all local authorities, as the individual concepts will often vary greatly between local authorities simply due to their varying size and population. This is likely to have been due to Christmas holidays and the submission in January 2019 of a greater volume of transactions effective in December 2018. This may be expected, as it is common for non-residential leases to be renewed at the end of the financial year. In the case of higher rate refunds this can be as much as three years after the original transaction, with a potentially longer window available for certain other transactions, such as those which WRA choose to open an enquiry into. Figure 10.1 corresponds to Measure 1.2 in the WRA Corporate Plan and covers all payments made to the WRA. Higher numbers were generally seen in the second half of 2018, peaking in November 2018.
GOV.WALES uses cookies which are essential for the site to work. r This value has been revised in this publication Things you need to know about these statistics, 2. Note that Landfill Disposals Tax returns are all filed electronically and excluded from the above as a paper return is not offered as an option. 04/20/18. The measures in the Plan which correspond to these analyses is stated below each. The difference (in relative deprivation) between the most deprived and second most deprived tenths is greater than that at the other end of the distribution. This is because there are some non-residential transactions with a particularly large consideration and a possible risk of identifying a taxpayer if we were to publish annual local authority data on these. As an example, some of these apply to low value residential transactions. • purchases by companies, such as social housing providers. It will be formally published when the WRA’s accounts for 2018-19 are laid before the National Assembly for Wales in July 2019. Figures since have been slightly higher. The postcode where the transaction occurs is an optional question on the tax return. An official website of the United States Government. Find weekly filing season statistics showing cumulative and comparative totals from the 2010 and 2009 tax return filing seasons, starting March 26, 2010. Further information on this process and the data quality is available in our key quality information for LTT statistics. These statistics have been revised in this release and we now expect to have received virtually all transactions relating to 2018-19. Each domain is compiled from a range of different indicators. These statistics relate to transactions which were effective during 2018-19.