NORTHERN IRELAND is set to receive greater control over its finances with the devolution of tax-raising power to Stormont.
Legislation allowing corporation tax powers is to be published by the Treasury, with the government aiming to pass the law before the general election on 7 May.
The chancellor, having allowed several tax-raising powers to be devolved to Scotland, said in December’s Autumn Statement that the government was ready to do the same for Ulster.
The power was a key demand of political leaders ahead of the Stormont House Agreement, which was finalised in Belfast in December after 12 weeks of inter-party talks.
Northern Ireland secretary Theresa Villiers made the announcement in a speech to business leaders on Thursday, with details to be presented “shortly”.
Shadow secretary of state Ivan Lewis said Labour was concerned at what he described as the government’s “rush” to introduce the new legislation.
HMRC is continuing to ramp up the number of raids on premises it carries out as part of criminal investigations, searching 761 properties in the last year
Lord Howard Leigh of Hurley discusses the government’s initiatives to mitigate tax avoidance and evasion
Top 50+50: Demand for tax advisory services remains high, but fee pressure is expected in relation to compliance services
The demand for tax advisory services remains high and this looks to continue; but fee pressure is expected in relation to compliance services as the “Making Tax Digital” initiative is rolled out,
While some resistance to change is to be expected, the degree of controversy surrounding HMRC's Making Tax Digital proposals has surprised the government