Translate the text from Welsh to English.



 
Pleser gennyf yw rhoi gerbron y Cynulliad heddiw yr adroddiad blynyddol cyntaf ar gyflwyno a gweithredu darpariaethau cyllid Deddf Cymru 2014\.  Dan adran 23 y Ddeddf, mae’n ofynnol i Weinidogion Cymru ac Ysgrifennydd Gwladol Cymru adrodd yn flynyddol ar y cynnydd a wnaed o ran gwireddu’r darpariaethau dan Ran 2, hyd at flwyddyn wedi i’r darpariaethau terfynol gael eu rhoi ar waith.

Hefyd mae'r adroddiad hwn yn darparu'r diweddariad chwe\-misol ffurfiol cyntaf i'r Pwyllgor Cyllid ar y cynnydd o ran cyflwyno Awdurdod Cyllid Cymru.

Mae Deddf Cymru 2014, a gafodd Gydsyniad Brenhinol ar 17 Rhagfyr 2014, yn amlinellu ystod o bwerau trethu a benthyca newydd i Gymru, gan gynnwys datganoli Treth Dir y Dreth Stamp a’r Dreth Dirlenwi yn llawn, benthyca i gefnogi buddsoddi cyfalaf ac i reoli amrywiadau cyllidebol yn sgil datganoli treth, pwerau i greu trethi datganoledig newydd fesul achos (yn amodol ar gytundeb y Cynulliad Cenedlaethol, Tŷ’r Cyffredin a Thŷ’r Arglwyddi), datganoli treth incwm yn rhannol (os bydd pobl Cymru’n cefnogi hynny mewn refferendwm \- wedi dweud hynny mae Llywodraeth y DU wedi awgrymu’n ddiweddar y gwaredir y rheidrwydd i wneud hyn), a’r gallu i ddeddfu ar gyfer gweithdrefnau cyllidebol y Cynulliad.  Y dyddiad targed ar gyfer rhoi mwyafrif y pwerau newydd ar waith yw Ebrill 2018\.

Yn y flwyddyn ddiwethaf gwelwyd cynnydd sylweddol tuag at roi pwerau trethu a benthyca newydd Cymru ar waith.  Ymgysylltwyd ac ymgynghorwyd yn sylweddol â busnesau a chyrff eraill, cynrychiolwyr y Trydydd Sector, arbenigwyr a gweithwyr proffesiynol ym maes treth, yn ogystal â chyda Phwyllgor Cyllid y Cynulliad Cenedlaethol, ac rydym wedi pasio carreg filltir bwysig drwy gyflwyno bil treth cyntaf Cymru \- Bil Casglu a Rheoli Trethi (Cymru).  Mae hyn wedi gosod sail gref ar gyfer gwaith y dyfodol a fydd yn cynnwys, yn nhymor nesaf y Cynulliad, ddeddfwriaeth ar Dreth Trafodiadau Tir ac ar Dreth Gwarediadau Tirlenwi, a sefydlu o’r newydd ‘Awdurdod Cyllid Cymru’.  


  






Translation:


 
 


 


I am pleased to lay before the Assembly, today, the first annual report on the implementation and operation of the finance provisions in the Wales Act 2014\.  Under section 23 of the Act, the Welsh Ministers and the Secretary of State for Wales are required to report annually on the progress made in effecting the provisions under Part 2, until the first anniversary after the final provisions have been implemented.


This report also provides the first formal six monthly update of progress to the Finance Committee on the implementation of the Welsh Revenue Authority.


The Wales Act 2014, which gained Royal Assent on 17 December 2014, sets out a range of new tax and borrowing powers for Wales, including full devolution of Stamp Duty Land Tax and Landfill Tax, borrowing to support capital investment and to manage budgetary fluctuations arising from tax devolution, powers to create new devolved taxes on a case by case basis (subject to the agreement of the National Assembly and both Houses of Parliament), partial devolution of income tax (if supported by the people of Wales in a referendum \- although the UK Government has recently indicated that this requirement will be removed), and the ability to legislate for the Assembly's budgetary procedures.  The target date for implementing the majority of the new powers is April 2018\.


The past year has seen significant progress made towards the implementation of Wales' new tax and borrowing powers.  There has been substantial engagement and consultation with businesses and other organisations, representatives of the Third Sector, tax experts and professionals, as well as with the National Assembly’s Finance Committee, and we have cleared an important milestone with the introduction of the first Welsh tax bill \- the Tax Collection and Management (Wales) Bill.  This has laid a strong foundation for the work ahead which will include, in the next Assembly term, legislation on a Land Transaction Tax and on a Landfill Disposals Tax, and the establishment of the new Welsh Revenue Authority.