Start before or after new tax year?

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mudskipper replied

26 January 2016, 10:28
Originally posted by Oldenburg View Post

This question is not about the changes to expenses/IR35...

Just to clarify, there are no changes to IR35 (nor expenses if you're operating outside IR35).
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Oldenburg replied

25 January 2016, 17:26
Many thanks PerfectStorm, SimonMac and northernladuk. I'll not worry about the dates in that case, I'll just get cracking as soon as I can.
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PerfectStorm replied

25 January 2016, 16:50
Whilst a tax deferred is a tax saved, earnings deferred aren't! Get earning now. Your accountant will prepare a small return for the current financial year.
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SimonMac replied

25 January 2016, 15:28
Your company tax year will most likely be different to the personal tax year, start earning as soon as you can!
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northernladuk replied

24 January 2016, 22:02
Start when you are ready. Don't bother worrying about tax periods and the like. You will be a paying a clever accountant to do all that for you.

Make sure your read all the newbie guides to the right and look at the search method explained at the top of this section.
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Oldenburg started a topic Start before or after new tax year?

24 January 2016, 20:55
Start before or after new tax year?

Hello! I'm new here and have made the decision to leave permanent employment to do some contracting (IT sector).

I'm quite keen to get the ball rolling as soon as I can, but wasn't sure if it would be better to wait until April? I don't want to complicate the finances unnecessarily by starting in the last week of March for example. But on the other hand, might there be more contracts available before the end of the financial year?

This question is not about the changes to expenses/IR35, so could apply to any year, not just 2015/16. What do you see as the pros and cons of starting in February/March versus starting in April?

Many thanks.
Tags: financial year, tax year