FiscalGrid

Early May Bank Holiday 2023

United Kingdom · Friday, May 5, 2023 · FM2, Q1 of FY2023

Fri
Weekday 2023
FM2
Fiscal Month
Q1
Fiscal Quarter
331d
To FY2023 Year-End
Country
United Kingdom
Calendar date 2023
2023-05-05 (Friday)
Fiscal year
FY2023 (open year)
Fiscal month / quarter
FM2 of 12 · Quarter Q1 · printable monthly template
Source
UK Government bank holidays

About Early May Bank Holiday

First Monday in May, public holiday across the UK.

This page is the 2023-specific edition: it shows the actual weekday, the observed date if a weekend rule applies, and the placement of the holiday inside the United Kingdom fiscal year that contains it. For the canonical, year-agnostic overview see the main Early May Bank Holiday page.

2023 weekday and observance

In 2023, Early May Bank Holiday falls on Friday, May 5. Friday holidays produce three-day weekends without affecting the early-week rhythm. Banking value dates for any cleared transaction slip to the following Monday.

No weekend-shift rule applies in 2023 because the holiday falls on a regular weekday. Both the calendar date and the observed date are Friday, May 5, 2023. Treat it as a non-working day in payroll, vendor payment scheduling, and any business-day calculation that drives accruals or settlement.

Where it lands in FY2023

For organisations on the United Kingdom fiscal calendar, Early May Bank Holiday 2023 sits in fiscal month 2 (FM2), inside quarter Q1 of FY2023. From this date, you have approximately 331 days remaining until fiscal year-end on March 31, 2024. That distance matters because year-end close planning typically begins 60 to 90 days out — meaning if FYE is within that window, this holiday already sits inside the close-planning runway and any client-facing or vendor-facing deadlines that touch it should be pre-cleared rather than rescheduled later.

For the same holiday in adjacent fiscal years see: Early May Bank Holiday 2024 · Early May Bank Holiday 2025

Operational impact for finance teams

For finance and operations teams, Early May Bank Holiday 2023 reduces the working-day count for FM2 by one. If the holiday falls within two business days of a fiscal month-end, expect downstream impact on accrual timing (revenue cutoff, inventory counts, AP cutoffs) and on banking value dates. Wire transfers and ACH/Faster Payments typically settle the next business day; international wires may slip two days when both origin and destination observe the holiday. See our guide on mapping holidays to fiscal months for a worked example of folding observance dates into the close calendar.

If your business operates payroll on a biweekly cadence aligned to the OPM federal schedule, check the 2023 pay period schedule for the pay period containing this date — the payday for that period may shift to the preceding business day.

Other holidays in May 2023

Cross-references