UK Issues Draft Guidance on Northern Ireland Corporation Tax Rate
UK HMRC published draft guidance for the Northern Ireland Corporation Tax (NICT) regime on 26 September 2016. The NICT regime is allowed under the Corporation Tax (Northern Ireland) Act 2015, which received Royal Assent in March 2015 and provides for the devolution of tax powers to the Northern Ireland Assembly to set a different rate of Corporation Tax from the rest of the UK. The government w…
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