Paragraph 3

United Kingdom

In section 6B (the Welsh basic, higher and additional amounts)—

(a)

“(1A)
The Welsh property basic rate, the Welsh property higher rate and the Welsh property additional rate for a tax year are calculated as follows.
Step 1
Take the property basic rate, property higher rate or property additional rate.
Step 2
Deduct 10 percentage points.
Step 3
Add the Welsh rate (if any) set by Senedd Cymru for that year for the purpose of calculating the Welsh basic rate, the Welsh higher rate or the Welsh additional rate (as the case may be).”, and

(b)

for the heading substitute “The Welsh rates”.