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Companies pay corporation tax on their income and gains. View the current rates and estimate the tax due.
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 31.3.24:
Year to 31.3.23: All profits taxed at 19%
For the year to 31.3.23 the main rate of corporation tax was 19%. Special rules apply to accounting periods straddling 1 April 2023. For the year to 31.3.24 the profits limits are reduced for a company with associated companies. Different rates apply for ring-fenced (broadly oil industry) profit.
All that remains is for me to thank you and your team, particularly Craig, Debbie and Sally. I have received great service and good advice over the last 17 years from you all. I wish you all the best for the future. View More
All that remains is for me to thank you and your team, particularly Craig, Debbie and Sally. I have received great service and good advice over the last 17 years from you all. I wish you all the best for the future.
Thanks for the support so far, that first meeting in the office was incredible, it is clear that you know your stuff and that gave me confidence to work with GRANTS. View More
Thanks for the support so far, that first meeting in the office was incredible, it is clear that you know your stuff and that gave me confidence to work with GRANTS.
Credit especially to Barbara-Ann, Lynne and Jennifer. They have made my life very easy. Will carry on recommending you guys to anyone new to contracting and anyone looking for a change. View More
Credit especially to Barbara-Ann, Lynne and Jennifer. They have made my life very easy. Will carry on recommending you guys to anyone new to contracting and anyone looking for a change.
Can I also please put on record my sincere thanks to you and the rest of the team for your excellent service to date and also providing these accounts so timeously to help us out as we are currently remortgaging. Much appreciated! View More
Can I also please put on record my sincere thanks to you and the rest of the team for your excellent service to date and also providing these accounts so timeously to help us out as we are currently remortgaging. Much appreciated!
Thank you for the continued excellent service you have provided, in particular your quick responses to the many requests for support at short notice that I have sent. View More
Thank you for the continued excellent service you have provided, in particular your quick responses to the many requests for support at short notice that I have sent.