UUEPC assesses the net economic impact, in areas such as output, jobs and productivity, of a 12.5% rate of CT in NI from 2018. Two reports, one providing and high level summary and another more in-depth technical report, have been produced. The analysis is based upon the UK Government’s Corporation Tax policy published in Budget 2015 and expenditure plans published in the 2015 Autumn Statement. Following completion of the study, the UK Budget 2016 announced a further reduction in the UK Corporation Tax rate to from 18% to 17% in 2020. It is planned that a revised summary paper will be issued later in 2016 to reflect this lower UK rate.