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  
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Poolemead Accountants (Winchester) Ltd Company Number 07939708 is a limited company incorporated in England and Wales. Registered Office Tremain House, 8 Maple Drive, Kings Worthy, Winchester, Hampshire SO23 7NG Poolemead Accountants', and 'Poolemead', are trading names of Poolemead Accountants (Winchester) Ltd.

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