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Financial year
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Can anyone tell me why the British financial year starts on April 6th? It seems such an odd date.
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For more on marking an answer as the "Best Answer", please visit our FAQ.Before 1752 the financial year ended on Lady Day - one of the 4 quarter days - which is 25 March.
In September alendar in the UK was brought into line with the one used in the rest of Europe. This meant that Sept 3 - 13 were omitted from the calendar.
But the treasury still wanted a full 365 days worth of taxes for the year, so the financial year ended on 5 April in 1753, and that has continued since then.
In September alendar in the UK was brought into line with the one used in the rest of Europe. This meant that Sept 3 - 13 were omitted from the calendar.
But the treasury still wanted a full 365 days worth of taxes for the year, so the financial year ended on 5 April in 1753, and that has continued since then.