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UK tax is due on the following dates:
Income tax
Interim payments
(normally half the previous year's income tax liability):
- 31
January in tax year and following 31 July.
- Balancing
payment/repayment: 31 January following tax year.
Capital
gains tax
31 January following
tax year.
Inheritance tax
- Death:
normally six months after month of death.
- Chargeable
lifetime transfer 6 April-30 September: 30 April in following year.
- Chargeable
lifetime transfer 1 October-5 April: 6 months after month of transfer.
Corporation
tax
- Nine
months after end of accounting period for tax that does not have to be
paid in quarterly instalments.
- Payment
by instalments for large companies (profits over £1.5m).
- Four
instalments based on estimated tax liability.
- First
instalment due six months and 13 days after the start of the
accounting period and normally every three months thereafter.
The Dyer Partnership, 17
Westminster Court, Hipley Street, Old Woking, Surrey GU22 9LG
Copyright © 2002 - 2005 The Dyer Partnership
Limited
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