tax year

noun
🔊/ˈtæks jɪə(r)/, 🔊/ˈtæks jɜː(r)/
🔊/ˈtæks jɪr/
(also financial year)
(both British English)
(North American English fiscal year)
[usually singular]
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  1. a period of twelve months over which the accounts and taxes of a company or a person are calculated. The British tax year begins on 6 April.Topics Timec1