Section 357IA — Corporation Tax Act 2010: Power of Northern Ireland Assembly to set Northern Ireland rate

Power of Northern Ireland Assembly to set Northern Ireland rate 357IA 1 The Northern Ireland Assembly (“ the Assembly ”) may by resolution set the Northern Ireland rate for one or more financial years specified in the resolution.

2 The Assembly may by resolution cancel a resolution under subsection (1).

3 A resolution under this section may not be passed by the Assembly except in pursuance of a recommendation which—

a is made by the Minister of Finance , and b is signified to the Assembly by the Minister or on the Minister's behalf.

4 A resolution under this section may not be passed by the Assembly without cross-community support.

5 Section 63 of the Northern Ireland Act 1998 (financial acts of the Assembly) does not apply to a resolution under this section.

6 This section authorises the setting of a nil rate.

7 In this section “ cross-community support ” has the meaning given by section 4(5) of the Northern Ireland Act 1998.