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3 Lyttleton Court, Birmingham Street, Halesowen, Birmingham, B63 3HN

Earliest Dates For Payment Of Tax

 

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 2010/11 on 31.1.11 and 31.7.11 based on 2009/10 tax; balance due 31.1.12 with first instalment for 2011/12.
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.

 

 

Important Annual Limits

 

2010/11 2009/10
Individual Savings Account investment £10,200 **£7,200
Enterprise Investment Scheme investment  *500,000  *500,000
Venture Capital Trust investment    ***200,000    ***200,000
* Relief at 20%    *** Relief at 30%
 
** From 6.10.09, £10,200 for those aged 50+.

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Directors:  Paul Cutter FCA | Kate Jones FCCA, ACA | Dave Hazlehurst FCCA, CTA

Registered Office:

3 Lyttleton Court | Birmingham Street | Halesowen | West Midlands | B63 3HN

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A Member firm of the institute of Chartered Accountants in England and Wales

Registered with The Chartered Institute of Taxation as a firm of Chartered Tax Advisers

 Company Number: 07252989

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