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07/10/2022
Murphy Launches Consultation On Devolved Taxation
Finance Minister, Conor Murphy, has launched a new consultation on increasing local control over taxation.
Encouraging people to participate in the consultation which will run from Tuesday 4 October to Tuesday 29 November, Minister Murphy said: "The Executive is responsible for less than £1 in every £20 of tax revenue raised locally. As a result the Executive is hugely dependent on a block grant which is being squeezed by Westminster, threatening the sustainability of our public services. The Scottish and Welsh Governments have more control over their tax affairs and it is time for a mature discussion on the potential benefits of greater control over taxation here. This discussion is all the more vital given that the Westminster government is embarking on a course of massive tax breaks for the wealthy which will reduce funding for public services and create more inequality."
Minister Murphy continued: "The Fiscal Commission's report has started a conversation around what additional fiscal powers could be provided to an Executive to allow locally elected Ministers to set taxes in line with local needs and circumstances. While it will be for an incoming Finance Minister to bring recommendations on this matter to a restored Executive, it is important that the public has its say. I encourage individuals, businesses and civic society to contribute to the consultation."
To respond to the consultation visit: www.finance-ni.gov.uk/consultations/devolution-fiscal-powers.
Encouraging people to participate in the consultation which will run from Tuesday 4 October to Tuesday 29 November, Minister Murphy said: "The Executive is responsible for less than £1 in every £20 of tax revenue raised locally. As a result the Executive is hugely dependent on a block grant which is being squeezed by Westminster, threatening the sustainability of our public services. The Scottish and Welsh Governments have more control over their tax affairs and it is time for a mature discussion on the potential benefits of greater control over taxation here. This discussion is all the more vital given that the Westminster government is embarking on a course of massive tax breaks for the wealthy which will reduce funding for public services and create more inequality."
Minister Murphy continued: "The Fiscal Commission's report has started a conversation around what additional fiscal powers could be provided to an Executive to allow locally elected Ministers to set taxes in line with local needs and circumstances. While it will be for an incoming Finance Minister to bring recommendations on this matter to a restored Executive, it is important that the public has its say. I encourage individuals, businesses and civic society to contribute to the consultation."
To respond to the consultation visit: www.finance-ni.gov.uk/consultations/devolution-fiscal-powers.
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Northern Ireland WeatherThis Evening and 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.
