Accessibility links

MENU

01276 685941

Corporation tax

Companies pay corporation tax on their income and gains. View the current rates and estimate the tax due.

  1. Resources
  2. Tax rates & allowances

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% to apply to certain trading income. While legislation has been passed, the final devolution is subject to agreement between the UK Government and the Northern Ireland Executive, which has not yet been reached.

Profits band (£) Year to 31.3.23 (%) Year to 31.3.22 (%)
All 19 19

The latest news

30 Apr 2022

Pregnant employees

One of the most widely understood protected characteristics is surely that it is unlawful to discriminate against a woman due to the fact of her pregnancy.

30 Apr 2022

Equity release

Equity release allows homeowners who are over 55 to release money from their home without having to make any monthly repayments.

30 Apr 2022

Scope of lasting Powers of Attorney

A Lasting Power of Attorney (LPA) is a legal document which allows a person, known as the 'donor' to appoint one or more people, known as the 'attorney/s', to help them make decisions or, to make decisions on their behalf.