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Tax | SNP calls for strategic review of income tax for contractors

The definition of contract workers need to be amended to reflect their status as the current system of shoehorning them into either employed or self-employed status for income tax purposes, is out of date and not fit for purpose, according to an amendment tabled by the SNP Treasury spokesman during the debate on Finance (No.2) Bill earlier this week

Tax | Why the UK tax year begins on April 6

You might think, logically, that the beginning of the tax year would coincide with the calendar year – and in some countries it does. In the UK, however, the scramble to get your affairs in order comes to its conclusion on 5 April, with the new tax year starting on 6 April. To understand the reason for this apparently random date, you have to go back to medieval times, says Jane Frecknall-Hughes, professor of accounting and taxation, University of Hull
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