2 min read
Definition
The tax year for individuals in the UK runs from 6 April to 5 April the following year. Companies instead use their own accounting period for corporation tax, which need not align with it.
In plain terms
For personal tax — including a director's Self Assessment — the year is the odd 6 April to 5 April span. A company's tax life follows its own financial year instead.
Why it matters for your company
Directors juggle two clocks: their personal tax year and the company's accounting period. Keeping the two straight avoids missed deadlines and helps plan dividends and pay across the right periods.
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