TAX
TABLES 2008
Main
Due Dates For Tax Payment
| Income Tax, NIC 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 |
| 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 after accounting
period. |
| Small
and medium-sized companies: 9
months after accounting period |
Large
companies (those paying tax at
28%/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 12 March 2008, subject to Finance
Act 2008. For information only. Always seek
professional advice before acting.
BACK
TO MENU
|
|
