Corporation tax rates are set for each Financial Year. A Financial Year runs from 1 April to the following 31 March.

If the accounting period of a company straddles the 31 March, the profits are apportioned on a time basis to each Financial Year.

The Northern Ireland Executive has committed to setting the rate of corporation tax at 12.5% when the Northern Ireland Executive demonstrates its finances are on a sustainable footing.

Year to 31.3.25:

Rate Profits band (£) Rate (%)
Small profits rate 0 - 50,000 19
Marginal rate 50,001 - 250,000 26.5
Main rate Over 250,000 25
Marginal relief fraction 3/200  
Xero ACCA freeagent Dext Saffordshire Chamber of Commerce

Address

RBK Accountants Limited, Lymedale Business Centre, Hooters Hall Road, Newcastle Under Lyme, Staffordshire ST5 9QF

Contact us today!

01782 479646

© 2024 RBK Accountants Limited. All rights reserved. powered by totalSOLUTION
Registered company name RBK Accountants Limited.Registered company No.10903923

We use cookies on this website, you can find more information about cookies here.