Tax season coming up
As I write it is the last day of the UK 2025/26 fiscal year - the date being another reminder that the UK likes to do things differently. Who else would use a tax year dating from centuries ago.
It is though a good reminder for people living abroad they usually need to keep two sets of records:
- if liable to UK taxes say on le-out properties or government pensions, on 6 April>5 April basis; and
- for overseas setups like France, on a calendar year.
Yes you should have the same base numbers in but can fall in a completely different year. A good example is if you take withdrawal from a UK pension in March of a year - thats taxed or tax refunded in the UK officially about 9 months earlier than the tax goes into your French return. Good time to look at timings....
