Budget 2003


Introduction

Main Income Tax Reliefs

Income Tax Rates and Bands

Car Benefit Assessment

Tax Free Mileage Allowances

National Insurance Contributions

Personal Pensions and Retirement Annuity Premiums

Inheritance Tax

Value Added Tax

Capital Gains Tax

Corporation Tax

Main Capital Allowances

Stamp Duty

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 2003/04 on 31.1.04 and 31.7.04 based on 2002/2003 tax; balance due 31.1.2005 with first installment for 2004/05.
Capital Gains Tax 31 January following the end of the tax year.
Inheritance Tax Normally 12 months after month of death.
Corporation Tax Large companies pay by instalments starting 6 1/2 months through the accounting period; balance, and total for small/medium companies, 9 months and 1 day after end of period.