Institute’s pre-budget submission to Exchequer Secretary to the Treasury

In a letter to the Exchequer Secretary to the Treasury, the Institute took the opportunity to highlight a range of tax policy and tax administration recommendations and concerns ahead of next week’s Budget and the 2025 Spending Review. From business taxes to the need to invest in HMRC, the Institute also advocates for a lower rate of corporation tax for Northern Ireland. 

The full range of areas covered in the letter are as follows:

• Business taxation and the need for stability, certainty, and supports for investment,
• How tax policy can support the transition to net zero,
• The fuel duty dilemma,
• The Trader Support Service and the customs intermediaries’ market in Northern Ireland,
• Potential Budget Day announcements on capital taxes,
• Investment in HMRC,
• Making Tax Digital for income tax,
• Tax simplification and policy making, and
• A lower rate of corporation tax for Northern Ireland.