On 4 March 2015, the U.K. House of Commons passed the Corporation Tax (Northern Ireland) Bill. The bill provides for the devolution of tax powers to the Northern Ireland Assembly to set a different rate of corporation tax from the rest of the U.K. Power over the corporation tax base, including reliefs and allowances, will remain with the U.K. Parliament. The rate, in general, will apply to all of the trading profits of a company if that company is a micro, small or medium-sized enterprise (SME), and the company's employee time and costs fall largely in Northern Ireland. It will...