The Irish Tax Year is Changing

The income tax year which ran from 6 April to 5 April will change to calendar years from next year.

Thus, the current year will be a shorter period covering 6 April 2001 to 31 December 2001. The next year will run from: 01 January 2002 to 31 December 2002.

this means that the allowances for the current year will be restricted to 74% (270/365 in days).

Perhaps we also need something similar so that we get closer to the Americans!.

Jay Tanna