Translate the text from Welsh to English.



 
Caiff y trydydd adroddiad blynyddol ar gyflawni a gweithredu’r darpariaethau cyllid yn Rhan 2 o Ddeddf Cymru 2014 ei osod gerbron y Cynulliad Cenedlaethol heddiw.


O dan adran 23 o'r Ddeddf, mae’n ofynnol i Weinidogion Cymru ac Ysgrifennydd Gwladol Cymru adrodd bob blwyddyn ar y cynnydd a wnaed o ran cyflawni a gweithredu’r darpariaethau o dan Ran 2 o’r Ddeddf, hyd at flwyddyn ar ôl i'r darpariaethau terfynol gael eu rhoi ar waith.


Mae Rhan 2 o Ddeddf Cymru 2014 yn darparu ar gyfer datganoli cyfres o bwerau cyllidol i Gymru. Mae’r rhain yn cynnwys galluogi’r Cynulliad Cenedlaethol i ddeddfu ar gyfer trethi Cymreig ar drafodiadau’n ymwneud â buddiannau mewn tir a gwarediadau tirlenwi; deddfu ar gyfer ei weithdrefnau cyllidebol ei hun a deddfu i alluogi Llywodraeth Cymru i fenthyca er mwyn cyllido gwariant cyfalaf a rheoli amrywiadau cyllidebol yn sgil datganoli trethi.


Mae’r Ddeddf hefyd yn darparu’r gallu i’r Cynulliad Cenedlaethol bennu cyfraddau treth incwm Cymreig ac yn galluogi Llywodraeth Cymru i gynnig a chyflwyno trethi newydd, yn amodol ar gymeradwyaeth Cynulliad Cenedlaethol a dau Dŷ’r Senedd.


Mae’r adroddiad sy’n cael ei gyhoeddi heddiw yn disgrifio’r cynnydd da sydd wedi’i wneud yn ystod y flwyddyn ddiwethaf o ran rhoi pwerau cyllidol Deddf Cymru ar waith. Mae hyn yn cynnwys sefydlu Awdurdod Cyllid Cymru a phasio Deddf Trafodiadau Tir a Gwrthweithio Osgoi Trethi Datganoledig (Cymru) a Deddf Gwarediadau Tirlenwi (Cymru).


Mae hefyd yn tynnu sylw at y cytundeb ar fframwaith cyllidol rhwng Llywodraeth Cymru a Llywodraeth y DU, sy’n paratoi’r ffordd ar gyfer cyflwyno cyfraddau treth incwm Cymreig ym mis Ebrill 2019\.


Rwy’n ddiolchgar i’r nifer mawr o bobl a sefydliadau sydd wedi cyfrannu o’u hamser a’u harbenigedd i gynghori Llywodraeth Cymru dros y flwyddyn ddiwethaf wrth inni baratoi i gyflwyno’r trethi Cymreig cyntaf ers bron 800 mlynedd, sef y dreth trafodiadau tir a’r dreth gwarediadau tirlenwi, ym mis Ebrill.







Translation:


 
The third annual report about the implementation and operation of the finance provisions in Part 2 of the Wales Act 2014 is today laid before the National Assembly.


Under section 23 of the Act, Welsh Ministers and the Secretary of State for Wales are required to report every year about the implementation and operation of the provisions under Part 2 of the Act until the first anniversary after the final provisions have been implemented.


Part 2 of the Wales Act 2014 provides for the devolution of a range of financial powers to Wales. These include enabling the National Assembly for Wales to legislate for Welsh taxes on transactions involving interests in land and disposals to landfill; to legislate for its own budgetary procedures and for the Welsh Government to borrow to fund capital expenditure and manage budgetary fluctuations arising from tax devolution.


The Act also provides for the National Assembly to set Welsh rates of income tax and enables the Welsh Government to propose and introduce new taxes, subject to approval by the National Assembly for Wales and both Houses of Parliament.


Today’s report describes the good progress made over the past year towards implementing the Wales Act financial powers, which includes the establishment of the Welsh Revenue Authority and the passage of the Land Transaction Tax and Anti\-avoidance of Devolved Taxes (Wales) Act and the Landfill Disposals Tax (Wales) Act.


It also highlights the fiscal framework agreement between the Welsh and UK governments, which paves the way for the introduction of Welsh rates of income tax in April 2019\.


I am grateful to the many people and organisations who have contributed their time and expertise to advise the Welsh Government over the last year as we prepare for the introduction of the first Welsh taxes in almost 800 years – land transaction tax and landfill disposals tax in April.