financial year

British  

noun

1. any annual period at the end of which a firm's accounts are made up

2. the annual period ending April 5, over which Budget estimates are made by the British Government and which functions as the income-tax year

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Example Sentences

Bang & Olufsen lowered its financial expectations and pulled midterm guidance as sales of a new product disappointed, while intensified geopolitical tension and economic uncertainty are expected to affect the remainder of the financial year.

From The Wall Street Journal

It expects the sale to close in the second half of its financial year.

From The Wall Street Journal

Council tax bills in Wales will see an average rise of 4.9% from April after councils approved their budgets for the next financial year.

From BBC

The government said the World Service’s work was “highly valued” and that its next funding allocation would be made before the start of the new financial year in early April.

From BBC

The partnership, which operates the eponymous department store chain and Waitrose supermarkets, said underlying profits had grown during its last financial year.

From BBC

Related Words

• calendar year