UK Expenses/Income Tax/Self Assessment

J

JJader

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Hello, Season's greetings.

The UK Tax year starts on 6th April and ends on 5th April.

Now, where I pay Insurance premium of say £200.00 on 5th January 2017, should I calculate £50.00 for the Tax year 2016/2017 (three months) and carry £150.00 for Tax year 2017/2018 ?

Or should the total of £200.00 be submitted for Tax year 2016/2017 ?.

Its a real puzzle to me.

Many thanks for your responses.
 
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