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Income Tax Act 2007
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4Income tax an annual tax
This section has no associated Explanatory Notes
(1)Income tax is charged for a year only if an Act so provides.
(2)A year for which income tax is charged is called a “tax year”.
(3)A tax year begins on 6 April and ends on the following 5 April.
(4)“The tax year 2007-08” means the tax year beginning on 6 April 2007 (and any corresponding expression in which two years are similarly mentioned is to be read in the same way).
(5)Every assessment to income tax must be made for a tax year.
(6)Subsection (5) is subject to Chapter 15 of Part 15 (by virtue of which an assessment may relate to a return period).
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