Corporation tax

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% 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
© 2022 Fulwells. All rights reserved.

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

Registered to carry on audit work in the UK by the Association of Chartered Certified Accountants. Details about our audit registration can be viewed at www.auditregister.org.uk, under reference 1053132.

020 8977 1010

Fulwells, Epic House, 128 Fulwell Road, Teddington, Middlesex TW11 0RQ