What is the new tax year in the UK?

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They start on 6th April and finish on the 5th April the following year. HMRC sets this period for the personal and business tax calculations. Many people find that at the start of the new tax year so too does the tax rates, allowances, and regulations. If you do self employment or are filing a self assessment tax return you will need to be ready for the new tax year. Additionaly, bei employers payroll calculations are also updated. uk tax yearchanges relate to understanding which helps in effective financial planning.