Corporation Tax (Northern Ireland) Act

The Corporation Tax (Northern Ireland) Act governs the taxation of profits made by companies operating in Northern Ireland. This law sets the rate at which companies pay tax on their profits, distinct from the rest of the UK. It aims to promote economic growth by potentially lowering tax rates for certain businesses, encouraging investment and job creation. The Act also includes provisions for tax compliance, allowing businesses to understand their obligations and benefits under the law, while ensuring that the tax system remains fair and efficient.