NB: Responses to the consultation will now be accepted up until 1 July 2011   Open date:  24 March 2011   Close date:  1 July 2011   As set out in the Coalition Programme for Government, and at the June 2010 Budget, the UK Government and the Northern Ireland Executive have a common objective to ‘rebalance the Northern Ireland economy’, to increase the size of the private sector and drive faster economic growth.   This consultation paper sets out options that could be taken to support rebalancing of the Northern Ireland economy, including  the issues involved in devolving the power to vary the corporation tax rate for profits in Northern Ireland.   The consultation paper does not make recommendations. The aim of this stage of consultation is to gain a fuller understanding of the benefits and costs that a separate rate would involve for Northern Ireland and for the rest of the UK.   This consultation paper also notes a number of reviews and strategies relating to non tax options including action being taken by the UK Government using UK wide powers and action by the Northern Ireland Executive using devolved policy powers to drive economic growth in Northern Ireland.  The paper invites views on the most effective approach to rebalancing the Northern Ireland economy.   The Government welcomes responses from any interested organisations or individuals.  When responding please state whether you are responding as an individual or representing the views of an organisation. If you are responding on behalf of an organisation, please make it clear who the organisation represents, and where applicable, how the views of members were assembled.   The document can be downloaded below:

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