The Independent Fiscal Commission for NI launched its Interim Report in December and is now working on its Final Report to be published later this year. During this phase of work the Commission will consider in more detail those taxes recommended for further examination in its Interim Report:
- Income Tax
- Fuel, Alcohol and Tobacco Duties
- Stamp Duty Land Tax
- Air Passenger Duty
- Apprenticeship Levy
- Landfill Tax
As part of this work the Commission has launched a series of meetings with tax specialists. Over the past few weeks the Commission has met with Revenue Scotland and the Welsh Revenue Authority, to discuss their experience of administering devolved taxes and to explore some of the operational aspects of implementation and the structures required.
In the coming weeks the Commission also plans to engage with the Scottish and Welsh governments, HM Treasury, HMRC, the Australian Tax Office and the Canadian Revenue Authority.
The Commission also met with Irish Department of Finance officials to examine in more detail some of the issues highlighted in the Interim Report regarding RoI tax policy and how it could potentially interact with any future fiscal devolution in NI.