Budget Summary 2011 Introduction Main Income Tax reliefs Income Tax rates and bands Car benefit assessment Tax-free mileage allowances National Insurance Contributions Pension Contributions Inheritance Tax Important annual limits 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 2011/12 on 31.1.12 and 31.7.12 based on 2010/11 tax; balance due 31.1.13 with first instalment for 2012/13. 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.