Please find below details of the new tax rates and allowances

which are applicable for the year commencing April, 2016.

Please do not hesitate to contact us if you would like further information

or you wish to discuss any of the tax rates or allowances in more detail.


Key Dates and Deadlines

Payment Dates
Income Tax and National Insurance Contributions
31 July 2016 2015/16 second payment on account
31 January 2017 2015/16 balancing payment, and
2016/17 first payment on account
31 July 2017 2016/17 second payment on account
31 January 2018 2016/17 balancing payment, and
2017/18 first payment on account
Class 1A NICs
19 July 2016 2015/16 payment due
Capital Gains Tax
31 January 2017 2015/16 Capital Gains Tax
31 January 2018 2016/17 Capital Gains Tax
Corporation Tax
9 months and one day after the end of the accounting period (or by quarterly instalments if large company)
Inheritance Tax
6 months after the end of the month of death.
For chargeable lifetime transfers, due date is six months after the end of the month in which the transfer was made.
Latest Filing/Issuing Deadlines - 2015/16 PAYE Returns
31 May 2016 Issue P60s to employees.
6 July 2016 P11D and P11Db - also issue copies to employees
Form 42 (reporting of employment-related securities)
2016 Self Assessment Tax Return (SATR)
31 October 2016 Last filing date - SATR Paper Version
30 December 2016 SATR Online if outstanding tax (subject to cap) to be included in 2017/18 PAYE code
31 January 2017 Last filing date - SATR Online