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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.
With restrictions being lifted our offices are now open with someone in each day.
Fortunately, our staff are all in good health currently and no one has symptoms of the virus but we are taking these steps to try and minimise the risk to not only our team and their families, but our clients and local communities as well.
In addition to asking all staff to work from home, we still won’t be holding any face to face meetings however we will continue to hold meetings via telephone and video.
All of our internal systems are cloud based which means that the team will be working normally and will be available to assist you by telephone and email.
This is a rapidly changing situation and so we are monitoring this on an ongoing basis and following the advice issued by the Government.
Please do not hesitate to get in touch if we can be of any assistance.