| 释义 |
preceding-year basis = PYB A basis for assessing profits or income in which the assessment in any given fiscal year is based on the accounts that ended during the previous tax year. For example, in an ongoing business with accounts drawn up to 30 April, the profits assessed in 2004-05 will be based on the profits as set out in the accounts for the year ended 30 April 2003. It the UK, the PYB was replaced by the current-year basis in 1997-98. |