tax year

British

noun

a period of twelve months used by a government as a basis for calculating taxes

"Collins English Dictionary — Complete & Unabridged" 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012

Example Sentences

Examples are provided to illustrate real-world usage of words in context. Any opinions expressed do not reflect the views of Dictionary.com.

He estimates in this tax year alone, he has accumulated an extra £3,000 of debt, but only paid off half of that.

From BBC

So far, refunds for tax year 2025 are averaging $2,290, according to the IRS.

From MarketWatch

"Filing the return is only half the battle - you must also pay any tax owed for the 2024-25 tax year by January 31 which will require sufficient cleared funds available in your bank account ahead of the deadline," said Alice Haine, personal finance analyst at Bestinvest.

From BBC

From April, taxpayers with more than £50,000 of gross income from self-employment or rental income in the 2024-25 tax year will need to comply with Making Tax Digital rules which will replace self assessment.

From BBC

Some of last summer’s new tax law provisions apply retroactively to tax year 2025, the returns people are filing starting Monday.

From The Wall Street Journal

Definitions and idiom definitions from Dictionary.com Unabridged, based on the Random House Unabridged Dictionary, © Random House, Inc. 2023