Tax Year

Definition of tax year

For an individual, the tax year runs from 1 March until 28/29 February of the following year.

The tax year is different from a normal calendar year, which runs from 1 January to end December.

The tax year is named by the year in which it ends e.g. the 2021 tax year runs from 1 March 2020 to end February 2021.

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