Tax Tables
Main Due Dates for Tax Payment
| Income Tax and Capital Gains Tax – Self-Assessment | ||
| 31 Jan in tax year 31st July following tax year |
} | Normally 50% of previous year's income
tax, less tax deducted at source |
| Following 31 Jan | Balance of income tax and all CGT |
|
| Inheritance Tax | |
| On 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 |
| Corporation Tax | ||||||||
| Small and medium-sized companies: 9 months after accounting period | ||||||||
| Large companies (those paying tax at 28%/30%): Quarterly instalments normally payable in 7th, 10th, 13th, 16th months after the start of the accounting period | ||||||||
| Growing companies avoid instalments where profits are £10m or less and the company was not large for the previous year |
© Copyright March 2008, subject to Finance Act 2008. For information only.
Always seek professional advice before acting.