Change in tax year end?

Posted on 12 Feb 2014
Share Blog Post
OTS to consider changing start of the tax yearIncome tax was introduced as temporary measure to fund the war against Napoleon on 5 April 1805 and has been with us ever since. It's always been an illogical choice of a date and changing it is long overdue.The Office of Tax Simplification has proposed shifting the start of the tax year for individuals from April 6th either to April 1st, so that it coincides with the beginning of a month and a quarter, or to Jan 1st. “The OTS is undertaking a high-level exploration and analysis of the benefits, costs and wider implications of a change in the date of the end of the UK tax year for individuals and will publish a report over the summer of 2021,” it said on Friday.

View more blog posts

Two tier tax system introduced
Posted on 07 May 2025
Two tier tax system introduced
read more
Lending gap stifles UK SME's
Posted on 30 Apr 2025
Lending gap stifles UK SME's
read more
Costly tax compliance
Posted on 23 Apr 2025
Costly tax compliance
read more
SME owners flee UK in droves
Posted on 16 Apr 2025
SME owners flee UK in droves
read more
Back To Top
01604 660661