Memorandum of Understanding on Northern Ireland Corporation Tax
- HM Revenue & Customs and Department of Finance and Personnel for Northern Ireland
- Part of:
- Corporation Tax
- 7 January 2016
This MoU sets out arrangements between HMRC and DFPNI for implementing a devolved corporation tax rate in Northern Ireland.
Memorandum of Understanding on the Northern Ireland Corporation Tax Rate between the Department of Finance and Personnel, Northern Ireland and HM Revenue and Customs
PDF, 237KB, 8 pages
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A Memorandum of Understanding (MoU) has been signed between HMRC and the Northern Ireland Executive’s Department of Finance and Personnel, Northern Ireland (DFPNI) setting out arrangements for implementing a devolved corporation tax rate. The MoU includes provisions on developing IT and administrative systems and on recharging to DFPNI costs incurred by HMRC on implementation.
Transfer to the Northern Ireland Assembly of the power to set a corporation tax rate over certain trading profits is contingent on the Northern Ireland Executive demonstrating that its finances are on a sustainable footing, including successfully implementing measures in the Stormont House Agreement and subsequent reforms.
Published: 7 January 2016