After the parties concerned failed to reach agreement on reestablishing the Northern Ireland Executive, the UK government will reportedly prepare a budget for Northern Ireland and certain devolved powers are put on hold. One of the main tax-related impacts of this is that the Northern Ireland Corporation Tax regime (12.5% rate) will not be implemented from April 2018 as previously planned ({News-2018-02-02/A/5-previous coverage}). Talks to reestablish the Northern Ireland Executive will resume at some point, although the timing is uncertain.