Gilpin consultants attended today’s launch of the GROW NI campaign in the Lyric Theatre in Belfast and we are pleased to support this worthy lobbying group’s endeavours to have the ability to vary and reduce the Corporation Tax rate in NI.
At this morning’s event the GROW NI representative Eamon Donaghy said, “Today is not about the detail of implementing a reduced rate of corporation tax. That debate can take place, and indeed should take place, once the Assembly has the power to vary the corporation tax rate. Today and the next four weeks are about achieving the ability to vary the rate, then we can have the detailed debate about rates and timescale.”
The GROW NI campaign is widely supported and involves a comprehensive range of business organisations and deserves congratulations on achieving an historical and unprecedented amalgamation of support organisations and private companies. It is clear that there are potential benefits to the economy in NI of reducing CT with some saying it could lead to up to 90,000 new sustainable and well-paid jobs over the next 20 years.
But the spin offs to the wider economy and increase in sustainable wealth across Northern Ireland are harder to measure but equally tantalising.
Gilpin encourages clients, suppliers and followers to support the campaign and to respond to their MP, MLAs, and in particular to the Treasury outlining what CT variation would mean to your business in terms of profit, investment, employment, and export potential. The document can be downloaded here and it requires everyone’s assistance to inform the Treasury to ensure that NI is granted the ability to vary tax rates here. Please send correspondence to:
Richard Williams
Room 2/N2
HM Treasury
1 Horse Guards Road
London SW1A 2HQ