The 2022/23 tax year ended on 5th April 2023. The 2023/24 tax year has now started, and it runs from 6th April 2023 until 5th April 2024.
2022/23 tax year
Our final collection of the 2022/23 tax year took place on 5th April at midday. The collection was taken via Direct Debit – this usually leaves your bank account the following Monday, however due to the bank holiday, the final collection will be debited on 12th April.
2023/24 tax year
The first collection of the 2023/24 tax year will be on 12th April at midday. Anything collected on this date, will then be debited on 17th April and count as a contribution in the new 2023/24 tax year.
You can also make an instant bank transfer for the 2023/24 tax year from 8am on 6th April for any deposits over £100.
If you have any questions around the tax year end deposit timings, please get in touch with our support team via the in app chat or on support@moneyboxapp.com