Northern Ireland CT rate: Memorandum of Understanding signed

HMRC and the Northern Irish Department of Finance and Personnel have signed a Memorandum of Understanding setting out arrangements for a devolved corporation tax rate in Northern Ireland. The government has indicated it will not legislate to implement the provisions of the Corporation Tax (Northern Ireland) Act 2015 until the Northern Ireland Executive’s finances are on a ‘sustainable footing’. See www.bit.ly/1KbfpCB.