UK HMRC published draft guidance for the Northern Ireland Corporation Tax (NICT) regime on 26 September 2016. The NICT regime is allowed under the Corporation Tax (Northern Ireland) Act 2015, which received Royal Assent in March 2015 and 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 UK. The government will commence the Act and devolution of the power can be completed once the Northern Ireland Executiv…