When is the tax year?
Last updated 24 April 2020
In the UK, people get taxed on what we earn from 6 April to the following 5 April.
So for example, the 2020/21 tax year runs from 6 April 2020 to 5 April 2021.
If you are employed and not a very high earner, you don't need to do anything beyond that as your employer would have taken off your tax.
If you are self employed, you will need to complete a tax filing, called a tax return (don't confuse the word return with refund though - most people have to pay!).
The filing needs to be completed by 31 January after the tax year. So for the year ended 5 April 2019 the filing was due by 31 January 2020. If you have earned more than the personal allowance (which is around £12,000 depending on the year), you will need to pay tax as well. Some people put money aside as they earn.
Nearly a million people though miss the deadline each year. Don't be one of them!