Tax and payroll
Tax year
The UK's year for income tax, which runs from 6 April to 5 April the next year. Allowances, tax bands and most payroll forms work on it.
A plain-English explanation, not financial or tax advice. Rules and rates change, so check your own situation. For free, impartial guidance, try MoneyHelper. Disclaimer.
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The bonus lands in April, so it falls into the new tax year.
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