16/04/2003

Manufacturing group lobby against workspace tax

The Northern Ireland Manufacturing Group has held meetings with SDLP MP John Hume and UUP MP Jeffrey Donaldson to highlight the potential consequences of the proposed new tax on manufacturing.

The meetings – which form part of a week-long focus on the issue's repercussions for the province – have seen politicians hearing first-hand from a variety of business delegations about the consequences for the local manufacturing sector if the proposed tax on workspace is implemented.

The Northern Ireland Manufacturing Group has described the tax as "unviable", and has warned that the policy is being implemented without a proper study to quantify the numbers of businesses that will close as a result of the move.

The Group has already met with the Department of Trade and Investment and Invest NI to discuss the issue, but so far, no alternative policies have been put forward.

(CL)

Related Northern Ireland Business News Stories
Click here for the latest headlines.

05 December 2019
Report Shows Progress On Development Of Belfast
Significant progress has been made on long term ambitions for Belfast including job creation, inward investment and investment in neighbourhoods, a new report has revealed.
03 December 2019
Experience NI App Launches With £20k Investment
An app designed to enhance visitor experiences in Northern Ireland has launched with an initial investment of £20,000. The Experience Northern Ireland app, introduced by Carrickfergus Enterprise, is designed to be a one-stop itinerary planning solution for visitors to the region.
15 December 2015
Energy And Manufacturing Advisory Group Established
An Energy and Manufacturing Advisory Group has been established to find a solution to combat energy costs within the manufacturing sector. Enterprise Minister Jonathon Bell said a strong, flourishing manufacturing sector was at the centre of the Executive's vision for the Northern Ireland economy.
10 December 2003
CBI cautiously welcome Chancellor's pre-budget report
CBI Director-General Digby Jones has expressed concern about the business tax burden in what he described as a "positive" pre-budget report that he said had "little room for manoeuvre".
22 March 2013
Budget R&D Tax Incentives Welcomed
Invest Northern Ireland has welcomed the R&D measures announced by the Chancellor George Osborne as part of the Budget statement. Improvements to the R&D tax credit system and the new Patent Box regime are part of wider government measures to encourage investment in R&D and help innovative businesses to grow.