An end to silly tax dates?
Last Updated on 2 July 2021
When you train people in understanding tax in the UK, you get to be a bit of a tax nerd after a while.
One of the nerdiest issues is why on earth does the UK start the income tax year on 6th April. (Look it up if you must.)
So now the Office of Tax Simplification is wondering whether to suggest changing the income tax year from 6th April-5th April to 1st April-31st March. Or even 1st January to 31st December.
I’d be ok with 1st April to 31st March. But the idea of a year end between Christmas and New Year would fill most people with dread I suspect. All that admin while you’re hung over.
Which would you prefer? And why?
Posted on 02 July 2021