advance corporation tax

(redirected from Advanced 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.
References in periodicals archive ?
The deferral of the dividend payment until the next fiscal year will produce a saving in Advanced Corporation Tax of around 10 million pounds ($17 million).
And the findings revealed a further 19 per cent of Britons were aware that Mr Brown had removed the Advanced Corporation Tax credit, but had no idea of the impact on the value of their pension fund.
The abolition of Advanced Corporation Tax had a pounds 5 billion per year sting in the tail for pension funds and this has undoubtedly played its part in the well-documented pensions crisis.
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