The annual 31st January tax deadline is a relic of a bygone era, allowing a ten-month gap after the tax year ends before dues are settled.

In a digital age, this delay is unnecessary and costly to the taxpayer.

The Income Tax reporting date should change from 5th April to a more convenient date of 31st March.

Bringing the deadline for tax submission and final payment forward to 31st October would modernise the system.

The July payment on account would also be adjusted accordingly to maintain a consistent schedule.

This simple change would deliver a powerful, one-off cash injection into the public finances and annually still provide savings.

By collecting tax that is already owed in a timelier manner, the UK could immediately reduce the National Debt and cut the nation's interest bill by millions.

It's not about paying more tax; it's about paying it smarter and strengthening Britain's financial position.