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.