on an annual basis vs on annual basis

Both phrases are correct, but they are used in slightly different contexts. 'On an annual basis' is more formal and commonly used in professional or academic writing, while 'on annual basis' is more informal and less common. The addition of 'an' in the first phrase makes it grammatically correct.

Last updated: March 28, 2024

on an annual basis

This phrase is correct and commonly used in formal contexts.

This phrase is used to describe something that happens once a year or is calculated over a year. It is more formal and suitable for professional or academic writing.

Examples:

The company reports its financial results on an annual basis.
The survey is conducted on an annual basis to track changes in consumer behavior.
We review our progress on an annual basis to ensure we meet our goals.

Show examples from the web [+]

The assessment shall be made on an annual basis using appropriate statistical methods.
Amendments to the plan shall be submitted to the Commission on an annual basis for approval.
The rapporteur suggests that the financial guidelines should be revised or complemented on an annual basis.
These quotas are valid for each calendar year and are therefore negotiated on an annual basis.
If derogations are granted, these thresholds shall be checked on an annual basis.
Credit institutions shall publish the disclosures required under Article 145 on an annual basis at a minimum.
The comparison between export price and normal value was made on an annual basis.
NCBs shall monitor the number of tail institutions on an annual basis.
The strategic benchmarks are reviewed on an annual basis.
The remuneration policy shall be subject to independent audit, on an annual basis.
The aggregate numbers of those registrations should therefore be provided on an annual basis.
The Governing Council shall review the total amount of the provision on an annual basis.
For the following years, the detail can be provided on an annual basis.
The Commission should rule on new requests on an annual basis.
The cost of this additional capacity on an annual basis was not significant.
Member States' individual decisions should be reviewed on an annual basis.
The single area payment shall be granted on an annual basis.
All variables listed in Appendix XII are to be collected on an annual basis for the population.
This sum shall be agreed on an annual basis in the Joint Committee.
The World Bank graduation level is recalculated on an annual basis.

Alternatives:

annually
every year
yearly
once a year
per year

on annual basis

This phrase is correct but less common and more informal.

This phrase is also used to describe something that happens once a year or is calculated over a year, but it is less formal and more suitable for informal contexts.

Examples:

The team meets on annual basis to discuss their progress.
The subscription fee is charged on annual basis.
The event takes place on annual basis in the summer.

Alternatives:

annually
every year
yearly
once a year
per year

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on an annual basis vs on annual basis