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tax year

British  

noun

  1. 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

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For someone with no or low earnings, up to £2,880 can be paid in each tax year, with basic-rate tax relief increasing that to £3,600.

From BBC ● Sep. 10, 2026

Still, for many, significant payments for tax year 2026 are unavoidable.

From The Wall Street Journal ● Aug. 31, 2026

Just over £175m, external was given back to 721,100 customers in the 2024-25 tax year.

From BBC ● Jun. 18, 2026

Liquidation can force investors to realize capital gains in that tax year if the ETF had gained in value, even if they would have preferred to keep holding.

From The Wall Street Journal ● Jun. 4, 2026

But if it goes to a nonspouse heir, the IRS says it ceases to be an HSA and treats it as one big withdrawal that counts as income in that tax year for the beneficiaries.

From MarketWatch ● May 21, 2026

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