Main Due Dates for Tax Payment |
| Income Tax and Capital Gains
Tax – Self-Assessment |
31 Jan in tax year
|
} |
Normally 50% of previous
year's income tax, less tax deducted at source |
| Following 31 July |
| Following 31 Jan |
|
Balance of income tax and all
CGT |
|
| Inheritance Tax |
| Death: |
normally 6 months after month of death |
| Lifetime transfer 6 April-30 September: |
30 April in following year |
| Lifetime transfer 1 October-5 April: |
6 months after month of transfer |
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| Corporation
Tax Self-assessment: 9 months after accounting period. |
- Payable by instalments where profits are £1.5m or over.
Normally payable in 7th, 10th, 13th, 16th months after the
start of the accounting period.
- Growing companies: no instalments where profits
are £10m or less and the company was small or medium-sized
for the previous year.
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| © Copyright March
2005, subject to Finance Act |