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  
cashflow-logo.jpg freeagent-logo.jpg quickbooks-logo.png xero-logo.png

Address

Bell Ogilvy, 36 King Street, Castle Douglas, Dumfries & Galloway DG7 1AF

Contact us today!

01556 502377

© 2024 Bell Ogilvy Chartered Accountants. All rights reserved. powered by totalSOLUTION

In accordance with the disclosure requirements of the Services Regulations 2009 our professional indemnity insurer is Brunel Professional Risks Limited, St Thomas Court, Thomas Lane, Bristol BS1 6JG.
The territorial coverage is worldwide (excluding professional business carried out from an office in the United States of America or Canada) and excludes any action for a claim brought in any court in the United States of America or Canada.
We use cookies on this website, you can find more information about cookies here.