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Main Due Dates for Tax Payment
| Income Tax and
Capital Gains Tax – Self-Assessment |
31
Jan in tax year
Following 31 July |
} |
Normally 50% of
previous year's income tax, less tax deducted at source |
| Following 31 Jan |
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Balance of income tax and all CGT
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| Inheritance Tax |
On Death: normally
6 months after month of death. |
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| 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 + 1 day
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 qualified as small for the
previous year.
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