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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% when the Northern Ireland Executive demonstrates its finances are on a sustainable footing.
Year to 31.3.24:
Year to 31.3.23: All profits taxed at 19%
For the year to 31.3.23 the main rate of corporation tax was 19%. Special rules apply to accounting periods straddling 1 April 2023. For the year to 31.3.24 the profits limits are reduced for a company with associated companies. Different rates apply for ring-fenced (broadly oil industry) profit.
The Old Vicarage, Church Close, Boston, Lincolnshire PE21 6NA
Tel: 01205 311966
Rollestone House, Bridge Street, Horncastle, Lincolnshire LN9 5HZ
Tel: 01507 526071
1 Eastgate, Louth, Lincolnshire LN11 9NB
Tel: 01507 609933
10/12 The Terrace, Spilsby, Lincolnshire PE23 5JR
Tel: 01790 753340
Commerce House, 18 West Street, Bourne, Lincolnshire PE10 9NE
Tel: 01778 393656
Landmark House, 1 Riseholme Road, Lincoln, Lincolnshire LN1 3SN
Tel: 01522 533588
26 Ida Road, Skegness, Lincolnshire PE25 2AR
Tel: 01754 763222