View the most recent Key Dates and Deadlines information.
| Income Tax and Class 4 NIC | 2019/20 | 2018/19 |
|---|---|---|
| 1st payment on account (31 January) | 2020 | 2019 |
| 2nd payment on account (31 July) | 2020 | 2019 |
| Balancing payment (31 January) | 2020 | 2019 |
| Inheritance tax on death | Normally 6 months after the end of the month in which death occurs | Normally 6 months after the end of the month in which death occurs |
| Lifetime transfer 6 April - 30 September | 30 April in following year | 30 April in following year |
| Lifetime transfer 1 October - 5 April | 6 months after month of transfer | 6 months after month of transfer |
- Normally 50% of previous year’s income tax (less tax deducted at source) and class 4 NIC
- Balance of income tax, class 2 and class 4 NIV and all CGT
Corporation Tax
| Corporation Tax | |
|---|---|
| Small and medium companies | 9 months and 1 day after the end of the accounting period |
| Large companies | Payable by instalments where profits are £1.5m or over. Normally payable in 7th, 10th, 13th and 16th months after start of accounting period. |
| Growing companies | No instalments where profits are £10m or less and the company was not a large company for the previous year. |
