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Corporation tax

Companies pay corporation tax on their income and gains. View the current rates and estimate the tax due.

  1. Resources
  2. Tax rates & allowances

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.

Profits band (£) Year to 31.3.21 (%) Year to 31.3.20 (%)
All 19 19

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10.7 million taxpayers submitted their 2019/20 Self Assessment tax returns

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04 Feb 2021

Rogue employers named and shamed for failing to pay employees the minimum wage

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