The Corporation Tax (Northern Ireland) Act 2015 allows for devolution of power to the Northern Ireland Assembly to set a Northern Ireland rate of corporation tax to apply to certain trading income.
The government will commence the Act and devolution of the power can be completed once the Northern Ireland Executive demonstrates its finances are on a sustainable footing. The Northern Ireland Executive has committed to setting a rate of 12.5% in April 2018.
Comment is invited on this draft guidance and the final text will take account of comments received. Comments on this draft guidance should be sent to ct.devolution@hmrc.gsi.gov.uk by 1 January 2017.
Local copy of 160922_Draft_guidance_Northern_Ireland_rate_of_Corporation_Tax.pdf
https://www.gov.uk/government/publications/northern-ireland-corporation-tax-regime-draft-guidance
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