UK Taxes: Yup, You’re Paying These
Written by Ashley Kelmore, Posted in Move to UK: Settling In
he UK tax year runs from April 6 – April 5. That sounded kind of odd to me, so I did a little research, and apparently it’s because of this:
On the old British Calendar the tax year began on March 25 (the old New Year’s Day). In order to ensure against losing revenue it was decided by the British Treasury that the tax year, which started on March 25 1752, would be of the usual length (365 days) and therefore it would end on April 4, the following tax year beginning on April 5.
Huh. Okay. If you’re just working a regular job that takes your taxes out, you don’t have to do anything special. Just make sure taxes have been taken out of your paychecks!
