Individuals pay tax on their income (including employment, self-employment and partnerships) via income tax. Limited Companies have to pay a tax on the profit they make (after various adjustments and allowances). This tax is referred to as Corporation Tax and is payable by Limited Companies. Individuals, Sole-Traders and Partnerships do not pay this tax.

The rates of tax are detailed below*:

More information is available from the Revenue web site

*All figures quoted are based on the 2010/11 tax year