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Fiscal year ends in UK

CartmannCartmann Member Posts: 3

Hi, I'm new in all this so sorry for newbie questions. :smile: I register Ltd. in the UK on January 28th this year, and I'm not sure when (my) fiscal year ends, on Jan 28, on Mar 31, April 5,6,... I suppose on Jan 31 2020?

in Accounting Technical Support

Comments

  • PaulCPaulC Member Posts: 186 ✭✭✭

    Hi @Cartmann,
    In the UK, "the fiscal year" runs from 6th April to 5th April. However, if you have registered a Limited Company, it is your choice to set an appropriate Year End for your business to report. Many companies use the April-April fiscal year for convenience; others use calendar years; others use some other date for their own reason.
    Choosing an appropriate Year End is something you should discuss with your accountant.
    Hope that helps!

  • CartmannCartmann Member Posts: 3
    Thnx Paul.
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