Merchants welcome NI corporation tax cut

Published:  12 July, 2011

BELFAST: A cut in corporation tax will set Northern Ireland on the road to economic recovery, an accountancy firm said.

BDO's managing partner, Francis Martin, and head of tax Peter Burnside spoke at the close of a Treasury consultation on rebalancing the economy, which focused on the implications of a cut in the current 26% tax rate.

The firm has published a document called, 'The future of corporation tax looks like this' - the fourth in a series of publications on economic issues.

It features interviews with seven business people including Ian Haldane of Haldane Shiells, who give their views on the benefits of a tax cut.

Mr Burnside said cutting corporation tax would be a "shot in the arm" for the economy and would help rebalance it.

"What we've found is that lower corporation tax will help business and industry in a huge number of ways

"It will support organic growth and expansion within firms, allow Northern Ireland to compete internationally for investment and jobs and support the development of a solid export base.

"Each of our featured organisations are committed to Northern Ireland and all agree that any reduction will lead to a direct increase in numbers employed."

BDO said it had submitted its document to the Treasury for the consultation.

Sign Up

For the Builders' Merchants News enewsletter.

In the spotlight


Builders Merchants Vacancies – UK Wide

At Arco, we are an industry specific recruitment consultancy, providing sales and managerial staff Nationwide to Merchants, Distributors and Manufacturers of Building Materials within the Construction Sales Sector. Priding ourselves on our unparalleled customer service and hard work, we offer a fresh, innovative and personal approach to recruitment specifically designed to meet our clients’ needs and candidates’ skills.

Guest Blog by Simon Damp

Is DIY a lost art?

As time goes by, the art of do-it-yourself when it comes to activities around the home and garden is fast becoming more and more of a lost art.