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24/03/2011
Lower Corporation Tax For NI
Members of the Northern Ireland Executive are set to meet with UK Treasury officials today 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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Northern Ireland WeatherToday:A few fog patches at first, soon clearing to leave a dry day with some patchy cloud and good sunny spells. Light and variable winds. Feeling mild in sunny spells. Maximum temperature 14 °C.Tonight:Dry and quite chilly overnight under prolonged clear spells and light winds. This will allow a few fog patches to develop in places. Minimum temperature 2 °C.
