Question to the HM Treasury:

To ask Mr Chancellor of the Exchequer, with reference to the document, A Fresh Start, the Stormont agreement and implementation plan, published in November 2015, what the timetable is for a reduction in corporation tax in Northern Ireland.

The Corporation Tax (Northern Ireland) Act 2015 allows for devolution of power to the Northern Ireland Assembly to set a Northern Ireland rate of corporation tax to apply to certain trading income.

This government remains committed to the commencement of this power once, as set out in the Stormont House Agreement, a restored Executive demonstrates that its finances are on a sustainable footing.

Subject to this, the UK government will work with a restored Executive to consider a commencement timetable.