Corporation Tax in Northern Ireland - Northern Ireland Affairs Committee Contents

Supplementary written evidence from Professor Rosa Greaves

The answer I gave in response to Lady Hermon's question (Q359) may be misleading as it is not answering the question actually put. The more accurate answer should have been: "The decision of the British Government that the rate of corporation tax should be devolved to the Assembly does not require to be agreed with the EU Council as it is a matter internal to the UK concerning the devolution of competences to regional bodies. If the Assembly decides to reduce the rate of corporation tax, below that which is set for the rest of the UK, then it would be wise for the UK Government to notify the Commission seeking a declaration that it is not a State aid prohibited under Article 107(1) Treaty on the Functioning of the EU."

26 January 2011

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