Main Due Dates for Tax Payment
| Income Tax and Capital Gains
Tax – Self-Assessment |
| 31 January in tax
year |
} |
Normally 50% of previous year's income tax, less tax deducted at source |
| Following 31 July |
| Following 31 January |
|
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 |
Self-Assessment: 9 months after end of accounting period
- Payable by instalments where profits are £1.5m or over. Normally payable in 7th, 10th, 13th and 16th months after start of accounting period
- Growing companies: no instalments where profits are £10m or less and the company was not a large company for the previous year
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