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PhillB
Level 2

Company tax year setting

Hi,

 

We recently migrated from QBDT to QBO in the UK.  Checking settings under Accounts and Settings/Advanced/Accounting there are two settings, one for the first month of the financial year and one for the first month of the tax year.  WE have set the financial year start as January, as our accounting year is January to December (ie the same as the calendar year) but what should we set the tax year to?  I was assuming April to April as the start of the UK tax year is 6th April, but the only options appear to be "same as the financial year" or "January".

 

Thanks,

 

Phill.