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 (%)
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Casson Beckman is a trading name of Underwood Barron Associates Limited | Registered office: Monks Brook House, 13-17 Hursley Road, Chandlers Ford, Eastleigh SO53 2FW | Registered in England and Wales No: 01485323 | Regulated for a range of investment business activities by the Association of Chartered Certified Accountants.

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