tax year

A business is given a tax year. These usually end at the end of March, April and May each year. HM Customs & Revenue Glossary
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The tax year begins on April 6 and ends on April 5 the following year. Financial Services Glossary

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tax year tax year year

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tax year UK US noun [C] TAX, FINANCE, ACCOUNTING
any twelve-month period at the end of which tax is calculated on income during that period. The tax year can start in different months, depending on the country or organization: »

The figures for the tax year 2009/2010 are given in the table below.

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If the non-US shareholder was a nonresident alien who was physically present in the US during the tax year for more than 182 days, the distributions would be subject to a 30% tax.

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According to company records from the tax year ending September 2011, he is one of the highest paid CEOs in the state.


Financial and business terms. 2012.

Look at other dictionaries:

  • tax year — n: taxable year Merriam Webster’s Dictionary of Law. Merriam Webster. 1996. tax year …   Law dictionary

  • tax year — UK US noun [countable] [singular tax year plural tax years] a period of 12 months that is used for calculating taxes Thesaurus: relating to tax and taxationhyponym * * * …   Useful english dictionary

  • tax year — tax years N COUNT A tax year is a particular period of twelve months which is used by the government as a basis for calculating taxes and for organizing its finances and accounts. In Britain, the tax year begins on April 6th and ends on April 5th …   English dictionary

  • tax year — n the period of 12 months in which income is calculated for paying taxes. The tax year begins on April 6th in Britain, and January 1st in the US …   Dictionary of contemporary English

  • tax year — ► NOUN ▪ a year as reckoned for taxation (in Britain from 6 April) …   English terms dictionary

  • tax year — tax ,year noun count a period of 12 months that is used for calculating taxes …   Usage of the words and phrases in modern English

  • Tax Year — The period of time which is covered by a particular tax return. Many firms simply use the calendar year as their tax year, however this is not always required. When a firm begins or ends operations, it often needs to file a tax return for a… …   Investment dictionary

  • tax year — UK / US noun [countable] Word forms tax year : singular tax year plural tax years a period of 12 months that is used for calculating taxes …   English dictionary

  • tax year — noun (C) the period of 12 months in which your income is calculated for paying taxes. The tax year begins on April 6th in Britain, and January 1st in the US …   Longman dictionary of contemporary English

  • tax year — The period covered by a tax return. Individuals generally file on a calendar year while corporations, trusts, and other entities may file on a fiscal year. See accounting period fiscal year …   Black's law dictionary

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