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Written Question

Corporation Tax: Northern Ireland

Wednesday 24th June 2015

Asked by: Dan Poulter (Labour - Central Suffolk and North Ipswich)

Question to the Northern Ireland Office:

To ask the Secretary of State for Northern Ireland, what plans the Government has to devolve corporation tax powers to the Northern Ireland Executive.

Answered by Theresa Villiers

The Corporation Tax (Northern Ireland) Bill received Royal Assent on 26 March 2015. Passing this legislation was one of the UK Government’s key commitments in the Stormont House Agreement and provides evidence that we will deliver on our obligations. The new tax-setting powers include a commencement clause. The powers will only be commenced if the Executive demonstrates that its finances are on a long term sustainable footing.