What is the financial year?


The financial year is a period of time for which a company will prepare its accounts and tax returns.

The tax payable will be based on the amount of profit a company makes during its financial year. A limited company’s financial year will usually run to the end of the same month of formation a year later, although this date can be changed.

0 out of 0 found this helpful

Looking for an accountant?

Get an instant quote in 30 seconds

Get An Instant Quote