Possible tax move signals North may soon be more competitive
The main British rate is currently 28% – more than double that of the Republic’s – but will gradually come down to 24% over the next three years. While no change to the North’s 30% rate for overseas companies has been granted as yet, the British Government is to publish a consultation paper into the matter in the autumn.
Such a measure for Northern Ireland has been welcomed by companies there. Brian Lavery, managing director of the Belfast office of property consultants, CB Richard Ellis, said it “ would enable us to compete more effectively with the Republic for investment and job creation”.
