It was widely predicted that the Autumn Statement would include devolution of corporation tax powers for Northern Ireland but today’s announcements fell somewhat short of this. Whilst the Chancellor recognised the arguments in favour of devolution, he made it clear that the powers would be handed over to Stormont only if the Northern Ireland Executive … Continue reading Devolution of corporation tax powers to Northern Ireland? Definitely maybe
With all of the focus on next month’s devolution vote in Scotland, it is easy to overlook reports this week suggesting that Northern Ireland’s parliament is likely to be given corporation tax rate setting powers. The debate on whether such a move is desirable and/or compliant with EU law has been rumbling for years. It … Continue reading Northern Ireland: possible corporation tax reduction?