TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Will the Autumn Statement Bear Corporation Tax Fruit for Northern Ireland?

Last month Ministers from the UK Government and the Northern Ireland Executive held the fourth meeting of the Ministerial Working Group on Rebalancing the Northern Ireland Economy in London. The main initiative of the group is to look at a lower rate of Corporation Tax for the region as an economic tool to rebalance the region's economy.

After the meeting the Exchequer Secretary to the Treasury commented that the Government remains committed to rebalancing the Northern Ireland economy and that the group had enabled real progress to be made in understanding the practicalities and potential impacts of the devolution of Corporation Tax to Northern Ireland. It is now anticipated that both parties involved in the group will take stock and report back to the Prime Minister.

The Government's decision on the matter may be included in the Autumn Statement of the Chancellor of the Exchequer, scheduled to be made on 5 December.