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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 |
| 31 July following tax
year |
Normally 50%
of previous year's income tax, less tax deducted at source |
| Following 31
January |
Balance of income tax and all CGT |
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| 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 |
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| Corporation
Tax |
| Small and medium-sized
companies: 9 months after accounting period |
| Large companies (those
paying tax at 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 |
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