When does the UK Tax year end?

Answer 1

5th April.

Answer 2

The tax year
The Tax Year in the UK, which applies to income tax and other personal taxes, runs from 6 April in one year to 5 April the next (for income tax purposes).
Hence the 2006-07 tax year runs from 6 April 2006 to 5 April 2007.

The odd dates are due to events in the mid-18th century. The English quarter days are traditionally used as the dates for collecting rents (on, for example, agricultural properties).

The tax system was also based on a tax year ending on Lady Day (March 25).

When the Gregorian calendar was adopted in the UK in September 1752 in place of the Julian calendar, the two were out of step by 11 days.

However, it was felt unacceptable for the tax authorities to lose out on 11 days' tax revenues, so the start of the tax year was moved, firstly to 5 April and then, in 1800, to 6 April.

The tax year is sometimes also called the Fiscal Year.

The Financial Year, used mainly for corporation tax purposes, runs from 1 April to 31 March (hence Financial Year 2006 runs from 1 April 2006 to 31 March 2007).


Just to throw something else in the 'mix'

- Within the Revenue & Customs department our IT will be refreshed on the last weekend of March each year.

Answer 3

The UK Tax Year ends on the 5th April every year: this is well known as banks advertise this fact instore & on bill boards.

This is also the time when people try to put money into their ISAs before the end of the tax year, so any interest that is gained is tax free! :)

Answer 4

I do wish people would check their answers before responding!

The tax year ends on April 5th, the new one starts April 6th.

For those of you who are interested it all goes back to when Britain finally realigned its calendar with everybody else - i.e. the Gregorian calendar, Basically, we had to remove so many days out of our year to realsign the calendar (and from thereon in introduce leap years to keep it aligned). Rather than move the end of the tax year to 31st December, the powers that be at the time decided to leave it where it was (or had moved to, to be more accurate).

Phew!

Answer 5

This Site Might Help You.

RE:
When does the UK Tax year end?

Answer 6

Midnight on the 5th April

Answer 7

Yes it is definitely the 5th April. Something to do with the old ecclesiastical calendar or something?

Answer 8

5th April

Answer 9

31 st march 2007

Answer 10

end of march because new tax year
is the beging of april the first