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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
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

 

© 22 June 2010. For general information only. Subject to the Finance Act 2010. It is recommended you seek competent professional advice before acting.
Last Updated 

The FSA does not regulate taxation advice.

Levels, bases of and reliefs from taxation may be subject to change.