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Tax is due on the following dates:
Income tax
Interim payments (normally half the previous year's income tax liability):
- 31 January in tax year and following 31 July.
- Balancing payment/repayment: 31 January following tax year.
Capital gains tax
31 January following tax year.
Inheritance tax
- Death: normally six months after month of death.
- Chargeable lifetime transfer 6 April-30 September: 30 April in following year.
- Chargeable lifetime transfer 1 October-5 April: 6 months after month of transfer.
Corporation tax
- Nine months after end of accounting period for tax that does not have to be paid in quarterly instalments.
- Payment by instalments for large companies (profits over £1.5m).
- Payable over four instalments based on estimated tax liability.
- First instalment due six months and 13 days after the start of the accounting period and normally every three months thereafter.
- Phased in over four years starting in 1999.
- For accounting periods ending between 1 July 2001 and 30 June 2002, 88% of CT liability payable by instalments; 100% for accounting periods ending after 30 June 2002.
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