Earliest dates for payment of tax & Important Annual Limits

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.

	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+.