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Miscellaneous
Dates for Payment of Tax
Income tax and capital gains tax
| Payment due | Year of assessment |
Tax liability |
| 31 July 2004 | 2003/2004 | Second interim payment on account |
| 31 January 2005* | 2003/2004 | Balance of income tax |
| 2003/2004 | Capital gains tax | |
| 2004/2005 | First interim payment on account |
Interim payments will normally each equal 50% of the preceding year's total net income tax liability
* Also the final manual filing date for 2003/2004 Self Assessment Tax Return,
however, for electronic filing by internet or ELS different dates apply
Inheritance tax
| on transfers 1 October - 5 April or on death | 6 months after end of month in which transfer or death occurs |
| on transfers 6 April - 30 September | 30 April after tax year in which transfer occurs |
Corporation tax
| small and medium-sized companies | 9 months and a day after end of accounting period |
| large companies |
payments on account due on a quarterly basis, commencing 6 months and 14 days from start of accounting period |
| Value added tax |
30 days from execution of document |
| Stamp duty | 30 days from effective date of land transaction |
The figures shown here are subject to ammendment as the Finance Bill passes through Parliament.
This information has been prepared only as a topical guide to tax and personal financial matters. No responsibility can be accepted by us for loss occasioned to any person acting or refraining from acting as a result of any material contained in this publication.
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