New Year's Day 2023
United Kingdom · Sunday, January 1, 2023 · FM10, Q4 of FY2022
- Country
- United Kingdom
- Calendar date 2023
- 2023-01-01 (Sunday)
- Observed date 2023
- 2023-01-02 (Monday) — Monday after (Commonwealth bank-holiday convention)
- Fiscal year
- FY2022 (see country page)
- Fiscal month / quarter
- FM10 of 12 · Quarter Q4 · printable monthly template
- Source
- UK Government bank holidays
About New Year's Day
Public holiday across the UK. Banks and most businesses closed.
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 New Year's Day page.
2023 weekday and observance
In 2023, New Year's Day falls on Sunday, January 1. 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.
Where it lands in FY2022
For organisations on the United Kingdom fiscal calendar, New Year's Day 2023 sits in fiscal month 10 (FM10), inside quarter Q4 of FY2022. From this date, you have approximately 89 days remaining until fiscal year-end on March 31, 2023. 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: New Year's Day 2024 · New Year's Day 2025
Operational impact for finance teams
For finance and operations teams, New Year's Day 2023 reduces the working-day count for FM10 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.
Cross-references
- Printable January template (FM10) — see this holiday highlighted in the calendar grid.
- Q4 quarterly template — context inside the three-month fiscal quarter.
- Main New Year's Day page — year-agnostic background.