Following on from the
announcement in last month’s Autumn Statement
that the current government recognises the strongly held arguments for
devolving corporation tax rate-setting powers to NI and the goal of rebalancing
the NI economy, the Secretary of State for Northern Ireland last week announced
the publication of the above Bill.
Section 240A of the Tax Administration Act, 2011 (as amended) requires that all tax practitioners register with a recognized controlling body before 1 July 2013. It is a criminal offense to not register with both a recognized controlling body and SARS.