tax year

noun

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

Example Sentences

Just over £61m was given back to 216,300 customers in the 2023/24 tax year.

From BBC

This is £230.25 per week, which equates to £11,973 per year in the 2025/26 tax year.

From BBC

These accounts do not close automatically at the end of the tax year.

From BBC

When the next tax year begins, you can open a new Isa or - in some cases - can keep adding money to your existing accounts.

From BBC

"However for the 2025/26 tax year the level of relief has been reduced by the government to 40%."

From BBC