Question to the HM Treasury:

To ask His Majesty's Government on what conditions they would agree to the Northern Ireland Executive introducing a different rate of corporation tax to the rest of the UK.

The Stormont House Agreement between the UK Government and the Northern Ireland Executive agreed, in principle, for the power to set the rate of Corporation Tax in Northern Ireland on certain trading profits to be devolved to the Northern Ireland Assembly.

It was agreed that the Executive would need to formally request the power to change the Corporation Tax rate in Northern Ireland and to demonstrate that its finances were on a sustainable footing, and that the Executive’s block grant would need to be adjusted to reflect the Corporation Tax revenues foregone if the devolved power were exercised.