Main Due Dates for Tax Payment 2011

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 Normally 50% of previous year’s income tax, less tax deducted at source
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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ICAEW The Chartered Institute of Taxation ACCA IPG IR