Corporation Tax is charged on the income and chargeable gains (i.e. capital gains) which together constitute the “profits” of a company. The period to which the corporation tax is charged is the accounting period from which your financial accounts have been prepared.

There are two rates of Corporation Tax:

• 12.5% for trading income unless the income is from an excepted trade* in which case the rate is 25%
• 25% for non-trading income (e.g. investment income, rental income)

* Excepted trades include certain land dealing activities, income from working minerals and petroleum activities At John McCarrick & Associates we offer a wide range of services with regard to Corporation Tax:

• The completion and submission of the Corporation Tax Return (CT1).
• We ensure that all relevant reliefs and deductions are claimed with regard to your return.
• We ensure that your Corporation Tax Return is submitted on time.
• We communicate with the Revenue Commissioners on your behalf if any matters arise.
• The collection and filing of important documentation.

At John McCarrick & Associates, we employ a wealth of experience and knowledge to present you with a highly efficient first class service.