As all Brits know, the tax year ends today. But have you ever considered why we choose this arcane, and seemingly arbitrary day as the end of the tax year? The unlikely answer is: as a result of a decree in 1582 by Pope Gregory XIII.
OK, the Pope didn’t issue a decree saying that England’s tax system must end on 5 April, but he did introduce the Gregorian (or Christian) calendar – and I’ve certainly mentioned the calendar in other blogs.
At the time that the Gregorian Calendar was introduced we (the English) were using the Julian calendar and collecting tax every quarter. Continue reading