Corporation Tax: Northern Ireland

Treasury written question – answered on 2nd July 2012.

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Photo of Margaret Ritchie Margaret Ritchie Shadow SDLP Spokesperson (Environment, Food and Rural Affairs), Shadow SDLP Spokesperson (Energy and Climate Change)

To ask the Chancellor of the Exchequer what recent progress the ministerial sub-group on devolving the rate of corporation tax to Northern Ireland has made; and if he will make a statement.

Photo of David Gauke David Gauke The Exchequer Secretary

Ministers from the UK Government and the Northern Ireland Executive held the third meeting of the Ministerial Working Group on Rebalancing the Northern Ireland Economy in Belfast on 25 June.

While good progress has been made on some aspects of the work, including the potential shape of a devolved corporation tax regime, there remain some crucial areas where significant differences of opinion still exist, including on the potential costs to the Northern Ireland block grant.

Officials will continue to work over the summer to understand these differences and the Ministerial Working Group have agreed to meet again in September.

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