Main Due Dates For Tax Payment

Income Tax and Capital Gains Tax – Self-Assessment
31 Jan in tax year	Normally 50% of previous year’s
Following 31 July	income tax, less tax deducted at source
Following 31 Jan	Balance of income tax and all CGT
Inheritance Tax
Death	Normally 6 months after month of death
Lifetime transfer 6 April-30 Sept	30 April in following year
Lifetime transfer 1 Oct-5 April	6 months after month of transfer

Corporation Tax
Self-assessment - 9 months after accounting period.
Payable by instalments for first accounting period ending after 30 June 1999 where profits are £ 1.5m+. Normally payable in 7th, 10th, 13th, 16th months after start of the accounting period.
Phasing in instalments: Yr 1:60% Yr 2:72% Yr 3:88% Yr 4:100%
Growing companies: no instalments where profits are £10m or less and the company was small or medium-sized for the previous year.

March 2000 Subject to Finance Act 2000