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| i have filed each year but some how i didn't file my 2002 taxes. i contacted the IRS and they provided my w-2 wage and tax statement. what do i do now? i don't know where to go to file it. ... |
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 When will I be audited because my child's father claimed our daughter after I did? |
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| I read on a website that FIR,application form,proof of idendity and addres have to be given. so is the FIR police complaint lodged for loss of card ? and if the procedure smooth or its troublesome to ... |
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 How do my federal taxes change when I have kids? |
Please bear with me. I'm a bit slow on understanding our tax system. It's a bit confusing to me for some reason.
We are planning on starting a family in the future and I wanted ... |
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 If I did not work in 2007 do I still need to do my taxes? |
| I was not able to work at all in 2007 due to the health of my baby boy who was born 3 months early and has had many health issues. I had some myself this year as well. I have no income to report ... |
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| Hello. I recently discovered that I have been claimed as a dependent by an unknown person on their tax return. Now I typically file my own taxes each year without the use of services. Usually an ... |
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| And also, how much money could one get, say as a gift from a friend, before it must be reported on income tax?... |
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 Can I deduct my rent over $500 a month on my taxes? |
| Can I deduct the portion that is over the $500 a month? If my rent is $625 a month, can I deduct the $125 a month from my taxes?... |
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 W-2 problem from past employer? |
| I have an employer from 2007 who has informed me that I may not get my W-2 until May. I know that this is illegal, but what exactly can I do about it? I have a friend who said that I can report ... |
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shootin_star | When does the UK Tax year end? |
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Polo
|
5th April. |
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Graham H
 |
5th April |
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Martin14th
|
Midnight on the 5th April |
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Boardboy
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Yes it is definitely the 5th April. Something to do with the old ecclesiastical calendar or something? |
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Jessica
|
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! :) |
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Rod Mac
|
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. |
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Jon S
 |
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! |
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S Csparky
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end of march because new tax year
is the beging of april the first |
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ROBIN HOOD
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31 st march 2007 |
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karen175@btinternet.com
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ends end of march each year |
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