| 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 |
|
| 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 |
| 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 |
|
