Finance Minister Conor Murphy has launched a public consultation on the possible devolution of taxation powers - JP_Biz
Northern Ireland's finance minister has launched a public consultation on the possible devolution of taxation powers.
Currently, the only significant revenue raising undertaken by Stormont is regional rates, a property tax paid by households and businesses.However that legislation also included a "commencement clause" meaning the Treasury first needs to be satisfied the Northern Ireland Executive's finances are on a sustainable footing.
He added that while it will be for an incoming finance minister to bring recommendations to a restored executive, it is "important that the public has its say".Finance Minister Conor Murphy said it was important the public has a say on the issue It added that concerns were expressed over the executive's stability, as well as its capacity to reach coherent and consistent policy decisions.Others felt that devolving additional tax powers could help to build capacity and improve stability.The commission said income tax powers could be devolved to Northern Ireland by 2027 if there is political agreement and will to do so.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Liz Truss 'threw Cabinet under the bus' in interview, readers sayThe Prime Minister was speaking about the decision to scrap the top rate of income tax
Weiterlesen »
UK's EU law Bill could derail NI climate action because of burden on Stormont“The unnecessary risk of losing hundreds of essential standards and regulations is made all the more acute by the ongoing lack of functioning political institutions in Northern Ireland.”
Weiterlesen »
Kwarteng fails to rule out further U-turns after humiliating 45p tax cut reversalKwarteng fails three times to rule out further U-turns as Nick Ferrari takes him to task over the 45p tax rate reversal
Weiterlesen »
Truss admits mistakes but sticks by her plan - and blames chancellor for top-rate tax cut ideaThree evening stories: ✨ Truss admits mistakes but sticks by her plan ✨ At least 125 killed after riot breaks out at football match - as tear gas fired ✨ Voting underway in Brazil presidential election
Weiterlesen »
Truss ‘throws Kwasi Kwarteng under a bus’ over tax cut for richestThe Prime Minister provoked a fresh row at the start of the Tory conference by saying the income tax cut was a ‘decision the Chancellor made’.
Weiterlesen »
Liz Truss in embarrassing U-turn as she cancels abolition of 45p top rate of income tax after Tory backlashLiz Truss has reversed plans to abolish the 45p top rate of income tax after a backlash from within her own party.
Weiterlesen »