Time to gather detailed documents for your 2025/26 tax return

Copies of P60 documents must be issued to employees

The "Financial Year End" refers to the conclusion of an accounting period for financial and reporting purposes. It marks the end of the financial cycle and typically coincides with the completion of a company's fiscal year. During the financial year end, businesses and organisations finalise their financial statements, reconcile accounts, assess financial performance, and prepare for audits or external reporting requirements. The financial year end date may vary depending on the organisation, but it is commonly set on the last day of the month in which the fiscal year ends. It is a critical time for businesses to ensure accurate financial reporting, review their financial health, and make strategic decisions based on the financial results.

First day of the new tax year 2026/27

MTD for Income Tax applies to those over the threshold