• 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 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% in April 2018 if the Northern Ireland Executive
  demonstrates its finances are on a sustainable footing.

 Year to 31.3.18  Rate %  Year to 31.3.17  Rate %
 All Profits
 19  All Profits


This publication is published for the information of clients. It provides only an overview of the regulations in force at the date of publication and no action should be taken without consulting the detailed legislation or seeking professional advice. Therefore no responsibility for loss occasioned by any person acting or refraining from action as a result of the material contained in this publication can be accepted by the authors or the firm.