0 → financial year
1 any twelve-month period at the end of which tax is calculated on income during that period. The tax year can start in different months, depending on the country or organization:
The figures for the tax year 2009/2010 are given in the table below.
If the non-US shareholder was a nonresident alien who was physically present in the US during the tax year for more than 182 days, the distributions would be subject to a 30% tax.
According to company records from the tax year ending September 2011, he is one of the highest paid CEOs in the state.
Alternatively, will there be some kind of rearrangement, which, at the end of the tax year, will have the effect of restoring the balance?
The latest available information is for the 1995–96 tax year.
For the tax year 1996–97 around 70,000 copies were issued and at least 28,000 were used to file a tax return.
About 2.0 million taxpayers have paid tax at the higher rate for the 1996–97 tax year.
Therefore, it was a 12-month period, although it did not coincide with the tax year.
There is a mismatch between the start of the tax year—and hence the uprating of benefit—and the local government financial year.
One has to look at the beginning of a tax year as a convenient moment at which to introduce a scheme of this kind.
The new system also affected cashflow within the tax year, by bringing forward the average date at which income tax was payable.
