Financial Secretary to the Treasury responds to Institute on NI Corporation Tax

In a letter of response to the Institute’s follow up letter on Northern Ireland corporation tax, the Financial Secretary to the Treasury sets out the clear need for any new NI Executive to have broad support for Corporation Tax devolution.

The Institute’s letter to the FST set out the economic benefits of a lower rate for the region and at the FST’s request included up to date economic research to support this which the FST was interested to hear and has now passed to her Treasury colleagues.

The Institute will continue to pursue this issue given the broad support our members have for a lower rate for the region. The next stage of work involves opening discussions with Northern Ireland political parties.