Introduction
Main Income Tax reliefs
Income Tax Rates and bands
Car Benefit Assessment
Tax Free Mileage Allowances
National Insurance Contributions
Pension Contributions
Inheritance Tax
Value Added Tax
Capital Gains Tax
Corporation Tax
Main capital allowances
Stamp Duty & Stamp Duty Land Tax
Earliest due dates for payment of tax
Earliest due 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 2006/07 on 31.1.07 and 31.7.07 based on 2005/2006 tax; balance due 31.1.2008 with first instalment for 2007/08. |
| 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. |