Northern Ireland Corporate Tax Office (NIrCTO)

Welcome to the Northern Ireland Corporate Tax Office (NIrCTO)

David Stewart Head of NI Corporate Tax officeDavid Stewart

 

David Stewart Head of NI Corporate Tax Office

 

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Contents

What is NIrCTO?

NIrCTO is part of HM Revenue & Customs (HMRC), established in July 2007 to help promote corporate inward investment and local business expansion in Northern Ireland. They aim to achieve this by working closely with:

  • companies and their financial advisors
  • local government
  • regional economic development bodies

NIrCTO has produced a leaflet to summarise their role and how they can help you.

Download the NIrCTO leaflet 'Investing in Northern Ireland' (PDF 139K)

What can NIrCTO do for you?

NIrCTO can advise you, and your professional advisors, on the full range of HMRC taxes and duties affecting your proposed investment by:

  • giving you early certainty on the tax consequences of commercial transactions that affect your proposed investment or expansion plans in Northern Ireland
  • facilitating direct access to HMRC's tax specialists
  • helping to secure Clearances and Advance Agreements in respect of your plans
  • providing a local point of contact for advice and, in conjunction with the specialist Research & Development (R&D) units, help with claiming Research & Development Relief
  • fast tracking the service they provide where time is important

What’s New

06 April 2013 – Operating PAYE in real time (RTI)
From 6 April 2013 employers started reporting PAYE information to HM Revenue & Customs (HMRC) in real time. You may see this referred to as Real Time Information - or RTI.

01 April 2013 -  Creative Industry Tax Reliefs
Film Tax Relief was introduced in April 2007 and two additional reliefs were introduced in April 2013. These are Animation Tax Relief, High-end Television Tax Relief.  A fourth relief for Video Games Development will be introduced after state aid approval.

01 April 2013 - ‘Above the Line’ R&D expenditure credit
The Large Company Scheme includes an ‘above the line’ credit which has been introduced for expenditure incurred on or after 1 April 2013. It will initially be optional, running alongside the enhanced-deduction scheme which it will replace in April 2016

01 April 2013 – The Patent Box
The Patent Box enables companies to apply a lower rate of Corporation Tax to profits earned after 1 April 2013 from its patented inventions and certain other innovations. The relief will be phased in from 1 April 2013 and the lower rate of Corporation Tax to be applied will be 10 per cent.

01 January 2013 - Air Passenger Duty: Northern Ireland rates
This note provides an update on the Air Passenger Duty (APD) rates on direct long haul flights from Northern Ireland.

Consultation on Rebalancing the Northern Ireland economy (Opens new window)
This provides the latest position on the consultation paper which 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.