Award

Land Transaction Tax Act independent review

WELSH GOVERNMENT

This public procurement record has 3 releases in its history.

Summary of the contracting process

The Welsh Government has initiated a tender for the "Land Transaction Tax Act independent review," aimed at completing a comprehensive review before 24 May 2023. This project focuses on assessing modifications made to the Land Transaction Tax (LTT) legislation, ensuring its relevance and effectiveness in Wales. The procurement process is currently in the award stage, with the contract awarded to Alma Economics after receiving three bids. The contract was signed on 8 March 2022.

This procurement opportunity presents substantial growth potential for businesses specialising in research and development consultancy, particularly those with expertise in tax legislation and economic analysis. Companies with a strong understanding of land transaction policies and legislative frameworks relevant to Wales would be particularly well-positioned to compete. The emphasis on identifying areas for improvement and operational considerations opens avenues for innovative consulting providers to engage with and contribute to public sector development.

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Notice Title

Land Transaction Tax Act independent review

Notice Description

Welsh Ministers are under a statutory obligation to make arrangements for an independent review of Land Transaction Tax (LTT) to be completed before 24 May 2023.The review will focus on the most significant changes made to the legislation to ensure it is still appropriate for Wales.Areas for review, include:* The changes made to LTT (compared to SDLT) and if they've delivered improvements* Whether the changes make the legislation more appropriate for Wales* Identifying opportunities for improvement* Considering operational practicalities* The impact of the absence of first time buyers reliefCapabilities we are looking for:The independent reviewer should have a solid understanding of the taxes applying to land transaction and legislation in Wales, and experience of conducting research.

Publication & Lifecycle

Open Contracting ID
ocds-kuma6s-115722
Publication Source
Sell2Wales
Latest Notice
https://www.sell2wales.gov.wales/search/search_switch.aspx?ID=115722
Current Stage
Award
All Stages
Tender, Award

Procurement Classification

Notice Type
S2W Notice - Website Contract Award Notice
Procurement Type
Standard
Procurement Category
Services
Procurement Method
Open
Procurement Method Details
Not specified
Tender Suitability
Not specified
Awardee Scale
Not specified

Common Procurement Vocabulary (CPV)

CPV Divisions

73 - Research and development services and related consultancy services

75 - Administration, defence and social security services

79 - Business services: law, marketing, consulting, recruitment, printing and security


CPV Codes

73000000 - Research and development services and related consultancy services

73200000 - Research and development consultancy services

73210000 - Research consultancy services

73300000 - Design and execution of research and development

75111200 - Legislative services

79000000 - Business services: law, marketing, consulting, recruitment, printing and security

79200000 - Accounting, auditing and fiscal services

79220000 - Fiscal services

Notice Value(s)

Tender Value
Not specified
Lots Value
Not specified
Awards Value
Not specified
Contracts Value
Not specified

Notice Dates

Publication Date
7 Apr 20223 years ago
Submission Deadline
10 Dec 2021Expired
Future Notice Date
Not specified
Award Date
8 Mar 20223 years ago
Contract Period
Not specified - Not specified
Recurrence
Not specified

Notice Status

Tender Status
Not Specified
Lots Status
Not Specified
Awards Status
Not Specified
Contracts Status
Active

Contracting Authority (Buyer)

Main Buyer
WELSH GOVERNMENT
Contact Name
CPS, Christine Wells
Contact Email
Not specified
Contact Phone
+44 3000257095

Buyer Location

Locality
CARDIFF
Postcode
CF10 3NQ
Post Town
Cardiff
Country
Wales

Major Region (ITL 1)
TLL Wales
Basic Region (ITL 2)
TLL5 South East Wales
Small Region (ITL 3)
TLL52 Cardiff and Vale of Glamorgan
Delivery Location
Not specified

Local Authority
Cardiff
Electoral Ward
Cathays
Westminster Constituency
Cardiff South and Penarth

Supplier Information

Number of Suppliers
1
Supplier Name

ALMA ECONOMICS

Open Contracting Data Standard (OCDS)

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The Open Contracting Data Standard (OCDS) is a framework designed to increase transparency and access to public procurement data in the public sector. It is widely used by governments and organisations worldwide to report on procurement processes and contracts.

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