This year's UK pre-budget submission by Chartered Accountants Ireland focuses on promoting industry in Northern Ireland and growing the private sector using commercially aligned tax policies.
In the submission ahead of the Budget on 22 June next we look at some key taxation measures and recommendations specific to the Northern Ireland region as follows:
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the proposal to lower the rate of corporation tax in NI;
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proposals to promote research and innovation in NI via enhanced R&D tax relief
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the need to address the anomaly in tax treatment of conacre lettings;
We also focus on the various taxation policy measures in the new Coalition Government’s recently published Programme for Government with a particular focus on the proposal to increase the rate of Capital Gains Tax.
The Pre-Budget submission will be made available in full tomorrow on our website.