Northern Ireland’s corporation tax rate is due to drop to 12.5% from April 2018 – but the RHI crisis calls this into question.
“That legislation can only happen if the Treasury gives the green light,” said BBC News NI Economics Editor John Campbell. “What’s called a commencement’s clause.
“Basically, the Treasury has to say, “we’ve looked at Northern Ireland and we think there’s budgetary stability and they are able to take control of this power”.
“Now, it’s probably going to be a difficult argument with the Treasury at the minute, to say we have budgetary stability.”