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  
quickbooks xero Dext sage tide kashflow

Home | Contact us | Accessibility | Disclaimer | Diversity Survey 2023 | Help | Site map |
© 2024 HPH Accountants LLP. All rights reserved.

York Office (Registered office) : HPH Accountants LLP, 54 Bootham, York, YO30 7XZ
Harrogate Office : HPH Accountants LLP, Conyngham Hall Business Centre, Knaresborough, HG5 9AY

Registered in England and Wales, company number: OC376850, trading as HPH.

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