Mapus-Smith & Lemmon

Tax Rates & Allowances - Earliest Due Dates for Payment of Tax

This information is prepared for guidance only. We recommend that you contact us for advice before acting on any information contained on this page and we cannot accept responsibility for any action taken without such advice.

Earliest due dates for payment of tax


Income Tax  
Employment Most tax paid under PAYE
Interest, dividends Lower/basic rate liability usually settled before receipt
Untaxed sources, plus balance on employment and higher rates on investment income (self assessment) Payments on account for 2011/12 on 31.1.12 and 31.7.12 based on 2010/11 tax; balance due 31.1.13 with first instalment for 2012/13.
Capital Gains Tax 31 January following the tax year.
Inheritance Tax Normally 6 months after month of death.
Corporation Tax Large companies pay by instalments starting 6 1/2 months through the accounting period; small/medium companies pay 9 months and 1 day after end of period.



 

 

ICAEW - Menmber Firm

Designated Members : M.J. Jay, F.C.A.  •  P.E. Farrow, F.C.C.A., A.C.A.  •  J.W. Hall, F.C.C.A., A.C.A.  •  J.R. Turner, Dip. P.F.S., A.I.F.P.  •  R.D. Gray, A.C.I.B.  •  S.J. Edwards, F.C.A.
Member: S.T. Boote, B.Sc (Econ), F.C.A.

Offices at King's Lynn and Downham Market. Registered to carry on audit work and regulated for a range of investment business activities by the Institute of Chartered Accountants in England and Wales. Mapus-Smith & Lemmon LLP is a registered limited liability partnership.