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Budget 2009 - Key Dates
Key Dates for Payment of Tax
| Income Tax and Capital Gains Tax | ||
|---|---|---|
| Payment due | Year of assessment |
Tax liability |
| 31 July 2009 | 2008/2009 | Second interim payment on account |
| 31 January 2010 | 2008/2009 | Balance of income tax 2008/2009 |
| Capital Gains Tax | ||
| 2009/2010 | First interim income tax payment payment on account |
|
Interim payments will normally each equal 50% of the preceding year’s total net income tax liability.
Inheritance Tax
- On transfers between 1 October-5 April or on death:
- 6 months after end of month in which transfer or death occurs.
- On transfers between 6 April and 30 September:
- 30 April after tax year in which transfer occurs.
Corporation Tax
- Small and medium-sized companies:
- 9 months and 1 day after end of accounting period.
- Large companies:
- payments on account due on a quarterly basis, commencing 6 months and 13 days from start of chargeable accounting period.
Value Added Tax
- 1 month1 after end of return period, or 2 months for annual returns.
Stamp duty
- 30 days from execution of document.
Stamp duty land tax
- 30 days from effective date of land transaction.
Employment taxes
- Outstanding PAYE an class 1 NICs for the tax year:
- 22 April following end of tax year2.
- Monthly PAYE and NIC payroll deductions:
- 22 of month following end of payroll month2.
- Class 1A NICs for year:
- 22 July following end of tax year2.
- PAYE settlement agreement:
- 22 October following end of tax year2.
1 7 day extension may apply for payments made by elecronic means.
2 19 of month for payments made by non-electronic means.
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