15/06/2011
Corporation Tax Review Extended By NIO
The continuing debate over the possible devolution of corporation tax to the Stormont Assembly is to continue for even longer.
The NI Secretary of State Owen Paterson has welcomed the announcement by the Treasury this week of an extension to the consultation on rebalancing the Northern Ireland economy.
He said that submissions would now be accepted up until 1 July after the consultation deadline was extended to ensure all interested parties have sufficient time to submit a response.
Owen Paterson said: "There is a strong consensus across the Northern Ireland business community in favour of devolving the power to set the rate of corporation tax.
"I would urge anyone who wants to see a more prosperous Northern Ireland to respond to this consultation.
"The benefits of a bigger, stronger private sector would flow out into all areas of the economy," he said.
"Devolution of these powers is by no means a done deal and I need a strong message from Northern Ireland to take back to the Treasury saying this is what people in Northern Ireland want.
"This extension provides a further week in which people from Northern Ireland can write in to the Treasury."
The consultation on rebalancing the Northern Ireland economy will now close on 1 July 2011, not 24 June 2011 as previously indicated.
Further details can be found on the HM Treasury website at: Treasury
See: Corporation Tax Debate Continues
(BMcC/GK)
The NI Secretary of State Owen Paterson has welcomed the announcement by the Treasury this week of an extension to the consultation on rebalancing the Northern Ireland economy.
He said that submissions would now be accepted up until 1 July after the consultation deadline was extended to ensure all interested parties have sufficient time to submit a response.
Owen Paterson said: "There is a strong consensus across the Northern Ireland business community in favour of devolving the power to set the rate of corporation tax.
"I would urge anyone who wants to see a more prosperous Northern Ireland to respond to this consultation.
"The benefits of a bigger, stronger private sector would flow out into all areas of the economy," he said.
"Devolution of these powers is by no means a done deal and I need a strong message from Northern Ireland to take back to the Treasury saying this is what people in Northern Ireland want.
"This extension provides a further week in which people from Northern Ireland can write in to the Treasury."
The consultation on rebalancing the Northern Ireland economy will now close on 1 July 2011, not 24 June 2011 as previously indicated.
Further details can be found on the HM Treasury website at: Treasury
See: Corporation Tax Debate Continues
(BMcC/GK)
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