Fiscal year 31 December. The 2001 tax year was nine months, from April to December. In Israel, the fiscal year is the calendar year, 1 January to 31 December. In Italy, the fiscal year is the calendar year, 1 January to 31 December. It was changed in 1965, before which it was 1 July to 30 June. In Japan, the government's financial year is from 1 April to 31 March. The fiscal year is represented by the calendar year in which the period begins, followed by the word "nendo" (年度); for example the fiscal year from 1 April to 31 March is
Irish Fiscal Advisory Council in the United Kingdom (also formed after the financial crisis), and other equivalent members of the "Network of European Union Independent Fiscal Institutions" (which IFAC joined in September 2015). IFAC is structured as a Council of 5 members (one Chairperson) and a supporting analytical team of circa 6. The formal mandate of the Irish Fiscal Advisory Council (per IFAC website) is to: IFAC has been well received by Irish financial commentators and its publications are widely covered in the Irish media. The key mandated publications of the Irish Fiscal Advisory Council are: The Irish Fiscal Advisory Council has commenced an