Main Due Dates for Tax Payment

Income tax, NICs and capital gains tax – self-assessment
31 January in tax year:Normally 50% of previous year’s income tax (less tax deducted at source) and class 4 NICs
Following 31 July:Normally 50% of previous year’s income tax (less tax deducted at source) and class 4 NICs
Following 31 January:Balance of income tax, class 2 and class 4 NICs, 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 and 1 day 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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