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tax year Line breaks: tax year

Entry from British & World English dictionary

Definition of tax year in English:


A year as reckoned for taxation (in Britain reckoned from 6 April): the tax year 2004/5
More example sentences
  • Over the weekend, a friend of mine was trying to work out how much she'd be getting in her pay packet after the new tax year starts on 6 April.
  • An individual is regarded as resident in Britain if he spends 183 or more days in Britain during a tax year.
  • Had tax deducted from savings interest or share dividends during a tax year when you weren't working or earned very little?
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