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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:Gale, coastal severe gale, northwest winds ease from late afternoon. Scattered showers will fall as snow over the hills at first, becoming isolated from mid-afternoon. Maximum temperature 7 °C.Tonight:Showers, scattered in the evening, will clear by midnight leaving the night dry with clear spells. Cloud will spread east towards morning. Minimum temperature 2 °C.
