why is financial year start from 1 april in Uk
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Explanation:
To avoid the Christmas & New Year's holiday? Nobody wants to pore over the books on New Year's Eve!
other reason
Prior to 1752 the UK still adhered to the Julian calendar and the first day of a new year was 25th March. The calendar reforms of that year brought the country into line with the Gregorian calendar on the continent by removing 11 days from September and starting the year on 1st Jan. To avoid messing up their accounts with short or long years the financial institutions kept the start of the fiscal year where it was i.e 25th March but shifted by 11 days to 5th April.
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