FiscalGrid

Early May Bank Holiday 2024

United Kingdom · Sunday, May 5, 2024 · FM2, Q1 of FY2024

Sun
Weekday 2024
FM2
Fiscal Month
Q1
Fiscal Quarter
330d
To FY2024 Year-End
Country
United Kingdom
Calendar date 2024
2024-05-05 (Sunday)
Observed date 2024
2024-05-06 (Monday) — Monday after (Commonwealth bank-holiday convention)
Fiscal year
FY2024 (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 2024-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.

2024 weekday and observance

In 2024, Early May Bank Holiday falls on Sunday, May 5. Falling on a Sunday, the official observance shifts to a weekday under most national rules. Pay date for any payroll run whose payday lands on this date moves to the preceding business day.

Weekend observance: Because 2024's date lands on a Sunday, the official observance shifts to Monday, May 6. Monday after (Commonwealth bank-holiday convention). Federal pay schedules, government services, and most regulated banking activity follow the observed date rather than the calendar date for the purposes of business-day counting and value-date accrual.

Where it lands in FY2024

For organisations on the United Kingdom fiscal calendar, Early May Bank Holiday 2024 sits in fiscal month 2 (FM2), inside quarter Q1 of FY2024. From this date, you have approximately 330 days remaining until fiscal year-end on March 31, 2025. 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 2023 · Early May Bank Holiday 2025 · Early May Bank Holiday 2026

Operational impact for finance teams

For finance and operations teams, Early May Bank Holiday 2024 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 2024 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 2024

Cross-references