2 min read
Definition
A financial year is the twelve-month period a company's accounts cover, ending on its accounting reference date. It need not match the calendar year or the personal tax year.
In plain terms
It is simply your company's own year for reporting and tax. You choose when it ends, and everything — accounts, corporation tax, deadlines — follows from that.
Why it matters for your company
Choosing a sensible financial-year end can align your busiest reporting with a quieter trading period and smooth cash planning. It sets every deadline in your year-end process.
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