Section 357IA | Power of Northern Ireland Assembly to set Northern Ireland rate ^F1

(1)The Northern Ireland Assembly (“the Assembly”) may by resolution set the Northern Ireland rate for one or more financial years specified in the resolution.

(2)The Assembly may by resolution cancel a resolution under subsection (1).

(3)A resolution under this section may not be passed by the Assembly except in pursuance of a recommendation which—

(a)is made by the Minister of Finance, and^F2

(b)is signified to the Assembly by the Minister or on the Minister's behalf.

(4)A resolution under this section may not be passed by the Assembly without cross-community support.

(5)Section 63 of the Northern Ireland Act 1998 (financial acts of the Assembly) does not apply to a resolution under this section.

(6)This section authorises the setting of a nil rate.

(7)In this section “cross-community support” has the meaning given by section 4(5) of the Northern Ireland Act 1998.