Complete the form below to ask us a question or make an enquiry. We’ll get back to you via phone or email as soon as possible.


Moving the tax year boundaries

Posted on 10th June 2021 in Later Life Planning

Posted by

Rachael Morley

Partner & Solicitor
Moving the tax year boundaries

Many of us are aware of the UK’s unique tax year, which for historical reasons runs from 6th April in a given year to the following 5th April.

A recent report published by the Office for Tax Simplification has suggested that the tax year instead moves to synchronise with the calendar year, so from 1st January to 31st December, or else to end on 31st March, in line with a number of other countries. The aim here is to tie in the tax year with many business’s accounting year dates, to make reporting smoother and more efficient.

But of course the upheaval from the changes would be rather great, especially if the move to the calendar year were the chosen option. Taxpayers, employers, businesses, advisors and government bodies would all need to deal with the changes in theory and practice and so the OTS will look at the pros and cons of the move in a fuller report, due in the summer.

And are there any precedents for this? Well, aligning with the introduction of the euro in 2002, Ireland moved from the traditional tax year to a calendar year model – without too much upheaval. Will we be next?


How can Tozers help?

For further advice on personal or business tax please contact our expert lawyers in our Later Life Planning team, or Corporate & Commercial team.

Contact our legal experts


Paper plane


Get the latest news straight from our legal experts.

Subscribe to our newsletter to recieve current, dedicated, suppport and guidance from our solicitors straight to your inbox, wherever you are.

Company & Industry

Related Insights


How Remote Witnessing of Wills Changed During the Pandemic and Beyond

Posted on 29th February 2024 in Probate & Wills, Later Life Planning

In September 2020, the UK Parliament passed an order that amended the Wills Act 1837, a law that dates back to the Victorian era. The order allowed people to make valid Wills by using video-conferencing or other visual transmission, as long as the witnesses could see and hear the testator (the person making the Will) in real time. This was a temporary measure to help people who were self-isolating or facing lockdown restrictions due to the Coronavirus pandemic. The order applied to Wills made on or after 31 January 2020, and was initially set to expire on 31 January 2022.

Posted by

Sue Halfyard

Partner & Chartered Legal Executive

Lasting Powers of Attorney: Why Do I Need Them and When Should I Prepare Them?

Posted on 21st February 2024 in Probate & Wills, Later Life Planning

Making a Lasting Power of Attorney may seem like a task for another day, but as time goes on, our ability to manage our affairs may decrease or be prevented by an unexpected illness or accident. By making sure that you have the documents in place, and registered, this helps to ensure that a trusted person can step in to assist you when you need it most.

Posted by

Alice Carter-Tyler