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Corporation Tax (CT)

  1. Overview
  2. Basis of charge
  3. Company residency rules
  4. Close companies
  5. Capital allowances and deductions
  6. Dividends
  7. Trading losses

Basis of charge

There are two rates of Corporation Tax (CT):

  • 12.5% for trading income
  • 25% for:
    • income from an excepted trade (as defined in part 2 of the Taxes Consolidation Act)
    • non trading income, for example rental and investment income.

CT is charged on the profits in a company’s accounting period. This period cannot be longer than 12 months. If the tax rate changes in the accounting period, profits will be apportioned on a time basis and taxed accordingly.

Next: Company residency rules

Published: 05 November 2024 Print this page

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