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

Guidance on NI corporation tax regime

Draft guidance on the operation of the Northern Ireland Corporation Tax legislation has been published by HMRC. Assuming the legislation is “switched on”, it is intended to take effect just under 18 months away on 1 April 2018 with a 12.5% rate from commencement. Comments are requested by 7 January 2017.

As advised in previous Chartered Accountants Tax News updates, the government will commence the Act and devolution of the power will be completed once the Northern Ireland Executive demonstrates its finances are on a sustainable footing. The Northern Ireland Executive has committed to setting a rate of 12.5% in April 2018.

Download Chartered Accountants Ireland’s briefing note on the legislation now.