Main Due Dates for Tax Payment

Income Tax, NIC and Capital Gains Tax – Self-assessment
31 Jan in tax year
Following 31 July
Following 31 Jan


· Normally 50% of previous year’s income tax (less tax deducted at source) and class 4 NIC
· Balance of income tax and class 4 NIC, and all CGT and class 2 NIC
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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ICAEW The Chartered Institute of Taxation ACCA IPG IR