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A poll has found that 91 per cent of medium sized firms support simplifying the tax system by changing the tax year end date to December 31.

With the government’s independent advisers pitching to move the end of the tax year, Neil MacGillivray considers how we wound up with the current tax year end date and challenges the new proposal…

Accountant from Swindon wrote to a succession of ministers but was repeatedly stonewalled by Whitehall 19 July 2021 • 7:13am Hugh Williams said he once had a Treasury minister 'on the ropes'. 'He didn't know the ins and outs as well as I did,' he recalled Credit: Jay WIlliams When the Office of Tax Simplification said last month that it would consider the pros and cons of moving the end of the tax year to March 31 it was presumably unaware that a lone accountant had been campaigning for the same thing – for the past 45 years. Hugh Williams, who runs a tax consultancy in Swindon, said he h...

The tax year could be altered to bring it into line with calendar months, a Government advisory body has mooted. A review has been launched which could see the end of tax years for individuals starting on April 6, with April 1 or January 1 suggested as potential dates. The Office of Tax Simplification – an independent adviser to Government on tax simplification – said its scoping review would focus on the costs and benefits of moving the tax year end date from 5 April to 31 March. A move to March 31 would bring individuals into line with corporations and the UK Government’s own accounts...

The new tax year has begun on April 6 since 1800 and resulted from the switch to the Gregorian calendar