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In the fiscal year 2023–24, total government revenue was forecast to be £1,139.1 ... has published online a comprehensive set of manuals about the UK tax system. [23]
In any case, it was concluded that consideration should be put towards reducing the Annual Exempt Amount from its level of £12,300 in the tax year 2022-23. The Annual Exempt Amount was reduced to £6,000 for the tax year 2023-24, and further reduced to £3,000 for the tax year 2024-25. [17]
The tax year runs from 6 April to 5 April. Tax returns must be completed by 31 January following the end of the relevant tax year for those who complete the tax return online and by 31 October following the end of the tax year for those who file by a paper return. Once registered, tax payers can submit their tax return online directly via the ...
However, although the calendar year finished on 24 March, the tax year finished a day later, on 25 March, the Quarter Day – the traditional day on which debts were settled. (For a fuller explanation about the history of the United Kingdom income tax year and its start date, see History of taxation in the United Kingdom#Start of tax year.)
Wetherspoons reports an eightfold increase in pre-tax profits during the first six months of the 2023–24 financial year. [280] 23 March – A report compiled by the Resolution Foundation indicates a rise in the number of people leaving work due to long-term health conditions, with the number of people inactive due to long-term health ...
For the financial year 2023–24, total government spending is expected to be £1,189 billion. [2] The UK government has spent more than it has raised in taxation since financial year 2001–02, [3] creating a budget deficit and leading to growing debt interest payments.
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The Calendar (New Style) Act 1750 (24 Geo. 2. c. 23), also known as Chesterfield's Act or ... It is for this reason that the UK personal tax year ends on 5 April, ...