financial year

noun

1. any annual period at the end of which a firm's accounts are made up

2. the annual period ending April 5, over which Budget estimates are made by the British Government and which functions as the income-tax year

Example Sentences

Shadow chancellor Sir Mel Stride said borrowing so far this financial year had been the highest on record besides the pandemic.

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As part of the last deal, BMA Scotland said the government had pledged to make "credible progress" towards restoring pay to 2008 levels, in each of the following three financial years.

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Singapore Airlines proposed a S$900 million capital return plan for shareholders, comprising a special dividend package of S$0.10 a share to be paid annually over three financial years.

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It said production in North America would be 110,000 vehicles lower in its current financial year than previously anticipated.

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“Commerzbank is taking a very positive view of the financial year 2026 due to higher net interest income and tailwinds based on the macroeconomic environment,” it said.

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Related Words

• calendar year