The UK tax Year runs up to 5 April Yearly. This special date was as a result of centuries old changes in the calendar system and has been constant since the 18 th century. Soon, at the end of the tax year, people and organizations should be sure that their financial records are updated and ready to be reflected in taxation. This is the period when most individuals collect their tax returns documents like income information, expenses and others to enable proper tax returns filing. Late presentation of the deadlines beyond the tax year end may attract penalties by HMRC.

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