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25/03/2011
Lower Corporation Tax For NI
Members of the Northern Ireland Executive are set to meet with UK Treasury officials to outline proposals to overhaul corporation tax in Northern Ireland.
The launch of a consultation document will give the Assembly power to vary the rate levied on businesses.
In his Budget speech yesterday UK Chancellor George Osborne told the House of Commons the document considers the case for Northern Ireland having a lower rate of corporation tax than the rest of the UK.
It is argued that bringing the tax in line with the rate in the Republic, which currently stands at 12.5%, could help invigorate the Northern Ireland economy.
(BMcN/GK)
The launch of a consultation document will give the Assembly power to vary the rate levied on businesses.
In his Budget speech yesterday UK Chancellor George Osborne told the House of Commons the document considers the case for Northern Ireland having a lower rate of corporation tax than the rest of the UK.
It is argued that bringing the tax in line with the rate in the Republic, which currently stands at 12.5%, could help invigorate the Northern Ireland economy.
(BMcN/GK)
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14 June 2011
Corporation Tax Debate Continues
The debate over a possible devolution of corporation tax to the Stormont Executive has again been highlighted.
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The debate over a possible devolution of corporation tax to the Stormont Executive has again been highlighted.
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Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
