| 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 2007/08 on 31.1.08 and 31.7.08 based on 2006/2007 tax; balance due 31.1.2009 with first instalment for 2008/09. |
| 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. |
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