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

States remain legally responsible for providing employment - or paying unemployment allowances, even as the central government allocates $9.5bn for the scheme in the current financial year, ending next March.

From BBC

As part of that, BMA Scotland said the government committed to making "credible progress" towards restoring pay to 2008 levels in each of the three following financial years.

From BBC

“The company stated that it had started the 2026 financial year with ‘strong’ momentum as opposed to the November characterization of ‘good’ momentum,” says the broker.

From The Wall Street Journal

Each council has to decide its own budget before the start of the next financial year.

From BBC

For the first half of its financial year ended Sept. 30, Nidec reported a drop in net profit and slightly higher revenue.

From The Wall Street Journal

Related Words

• calendar year