PART 2THE WELSH REVENUE AUTHORITY
Corporate plans, annual reports, accounts etc.
I127Corporate plan
1
WRA must, for each planning period, prepare a corporate plan and submit it for approval by the Welsh Ministers.
2
The corporate plan must set out—
a
WRA's main objectives for the planning period,
b
the outcomes by reference to which the achievement of the main objectives may be measured, and
c
the activities which WRA expects to undertake during the planning period.
3
The Welsh Ministers may approve the corporate plan subject to such modifications as may be agreed between them and WRA.
4
When the Welsh Ministers approve the corporate plan, WRA must—
a
publish the plan, and
b
lay a copy of the plan before the National Assembly for Wales.
5
During the planning period to which a corporate plan relates, WRA may review the plan and submit a revised corporate plan to the Welsh Ministers for approval.
6
Subsections (2) to (4) apply to a revised corporate plan as they apply to a corporate plan.
7
“Planning period” means—
a
a first period prescribed by the Welsh Ministers by regulations, and
b
each subsequent period of 3 years.
8
The Welsh Ministers may by regulations substitute for the period for the time being specified in subsection (7)(b) such other period as they consider appropriate.
9
The corporate plan for the first planning period must be submitted for approval by the Welsh Ministers not later than 6 months after WRA is established; and the corporate plan for each subsequent planning period must be submitted before the beginning of the planning period.