Bill empowering Northern Ireland to set corporation tax rates for trading profits introduced (detailed update) | Practical Law

Bill empowering Northern Ireland to set corporation tax rates for trading profits introduced (detailed update) | Practical Law

The Corporation Tax (Northern Ireland) Bill 2014-15 was introduced into Parliament and received its first reading in the House of Commons on 8 January 2015. The Bill provides for a Northern Ireland rate of corporation tax that will apply to certain trading profits of qualifying Northern Ireland companies and to trading profits of corporate members of qualifying Northern Ireland partnerships.

Bill empowering Northern Ireland to set corporation tax rates for trading profits introduced (detailed update)

by Practical Law Tax
Published on 20 Jan 2015 • United Kingdom
The Corporation Tax (Northern Ireland) Bill 2014-15 was introduced into Parliament and received its first reading in the House of Commons on 8 January 2015. The Bill provides for a Northern Ireland rate of corporation tax that will apply to certain trading profits of qualifying Northern Ireland companies and to trading profits of corporate members of qualifying Northern Ireland partnerships.