advance corporation tax


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advance corporation tax

a sum payable to the revenue when a company paid a dividend to its shareholders, abolished for distributions made after April 1999.
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Advance Corporation Tax which together with the interim dividend of 1.
Examples include the capital cost allowance in Canada, the advance corporation tax in the United Kingdom, tax basis indexing in Mexico, tax holidays in Ireland and the U.
These have included a pounds 5 billion per year raid on pension funds through the abolition of advance corporation tax, increased revenues from inheritance tax due to house-price rises outstripping rises in the IHT threshold, and the freezing of personal tax allowances between 2002 and 2004, which saw the real value of individuals' tax-free earnings fall behind inflation.
In order to minimize the company's Advance Corporation Tax (ACT) liability, an enhanced share alternative was offered, which had an equivalent value of 24.
This means that not only is the interest not deductible but also that advance corporation tax (ACT) has to be accounted for.
Part 5 Principal Provisions Relating To The Schedule E Charge Part 6 Company Distributions, Tax Credits, Franked Investment Income And Advance Corporation Tax.
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