| Income Tax and Capital Gains
Tax – Self-Assessment |
31 Jan in tax year
Following 31 July |
} |
Normally 50% of previous year's
income tax, less tax deducted at source |
| Following 31 Jan |
|
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 + 1 day after accounting period. |
- Payable by instalments where profits are £1.5m or over.
Normally payable in 7th, 10th, 13th, 16th months after the
start of the accounting period.
- Growing companies: no instalments where profits
are £10m or less and the company qualified as small for
the previous year.
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