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Financial Year in United Kingdom

Definition of Financial Year

In accordance with the work A Dictionary of Law, this is a description of Financial Year : For statutes referring to finance, the period fixed by a statute of 1854 as the 12 calendar months ending on 31 March. Annual public accounts are made up for this period. For income-tax purposes, the year runs to 5 April. Companies and other bodies are free to choose their own financial years for accounting purposes.

See also tax year.

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(2015, 06). Financial Year lawi.org.uk Retrieved 06, 2021, from https://lawi.org.uk/financial-year/

06 2015. 06 2021 <https://lawi.org.uk/financial-year/>

"Financial Year" lawi.org.uk. lawi.org.uk, 06 2015. Web. 06 2021. <https://lawi.org.uk/financial-year/>

"Financial Year" lawi.org.uk. 06, 2015. Accesed 06 2021. https://lawi.org.uk/financial-year/

Agostino Von Hassell, 'Financial Year' (lawi.org.uk 2015) <https://lawi.org.uk/financial-year/> accesed 2021 June 16

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Schema Summary

  • Article Name: Financial Year
  • Author: Agostino Von Hassell
  • Description: Definition of Financial Year In accordance with the work A Dictionary of Law, this is a description of Financial Year : For [...]

This entry was last updated: June 25, 2015

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