AQW 24443/17-22 Written question to the Minister of Finance
To ask the Minister of Finance what plans he has to establish a reduced rate of corporation tax for Northern Ireland.
Asked by Claire Sugden MLA on 18 October 2021
- Answered
- Written
- Tabled
- 18 October 2021
- Answer due by
- 2 November 2021
- Answered
- 25 October 20217 days after tabling
- Department
- Department of Finance
- Priority question
- No
Answer
I have no plans to establish a reduced rate of Corporation Tax at this time, nor do I have any power to do so as the British Government has not commenced the 2015 Westminster legislation in this regard.
That said, the Independent Fiscal Commission is examining the case for devolving further fiscal powers to the Executive. Its report will provide an incoming Executive with up-to-date expert advice that will enable it to take informed decisions on its approach to the full range of taxes, including Corporation Tax.