Corporation Tax: Northern Ireland

(asked on 11th October 2017) - View Source

Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, what estimate he has made of the potential number of businesses that will relocate to Northern Ireland as a result of the introduction of trading profits taxable at the Northern Ireland rate.


Answered by
Mel Stride Portrait
Mel Stride
Secretary of State for Work and Pensions
This question was answered on 16th October 2017

While dependent on the rate established by a restored Northern Ireland Executive, the devolution of corporation tax rate-setting powers will allow Northern Ireland to compete more effectively for foreign direct investment, and encourage greater investment by companies already in Northern Ireland. Creating a stronger Northern Ireland economy will benefit the entire United Kingdom.

The relevant Tax Information and Impact Notes can be found at:

https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/393521/TIIN_-_Corporation_Tax_-_devolution_of_rate-setting_power_to_Northern_Ireland.pdf

https://www.gov.uk/government/publications/northern-ireland-rate-of-corporation-tax-changes-to-small-and-medium-sized-enterprise-regime/northern-ireland-rate-of-corporation-tax-changes-to-small-and-medium-sized-enterprise-regime

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