Tax centre
Tax tables 2007-08
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 |
| 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 |
| 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 | ||||||||
|---|---|---|---|---|---|---|---|---|
| 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 | ||||||||
© Copyright 21 March 2007, subject to Finance Act 2007. For information only. Always seek professional advice before acting.