Corporation tax

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  

Home | Contact us | Site map | Accessibility | Help | Disclaimer | Privacy |

© 2024 Bemment Cooper (Accountants) Limited. All rights reserved.


Bemment Cooper (Accountants) Limited, 101 Bridge Road, Lowestoft, Suffolk NR32 3LN
Registered in England | Reg No : 04041175 | Reg Office : As above