nouna tax which was abolished in 1999, paid by a company in advance of its main corporation tax payments. It was paid when dividends were paid to shareholders and was deducted from the main tax payment when that fell due. It appeared on the tax voucher attached to a dividend warrant.AbbreviationACT  

Related information about Advance Corporation Tax:

1. Advance corporation tax - Wikipedia, the free encyclopedia
   In the United Kingdom, the Advance corporation tax (ACT) was the scheme under which companies made an advance payment of tax when they distributed ...
    
2. Advance Corporation Tax (ACT) Definition | Investopedia
   The prepayment of corporate taxes by companies in the United Kingdom that distributed dividend payments to shareholders. The tax, which was introduced in ...
    
3. advance corporation tax - The Free Dictionary
   (Economics, Accounting & Finance / Accounting & Book-keeping) a former UK tax in which a company paying a dividend had to deduct the basic rate of income ...
    
4. Advance Corporation Tax - Financial Dictionary - The Free Dictionary
   In the United Kingdom, a former withholding tax made on dividends. That is, corporations were required to pay the advance corporation tax on dividends before ...
    
5. Advance corporation tax - What does ACT stand for? Acronyms and ...
   Acronym, Definition. ACT, American College Test. ACT, Active. ACT, Activity. ACT , Actual. ACT, American College Testing. ACT, Arms Control Today (magazine) ...
    
6. What is Advance Corporation Tax? definition and meaning
   Definition of Advance Corporation Tax: nouna tax which was abolished in 1999, paid by a company in advance of its main corporation tax payments. It was paid ...
    
7. advance corporation tax - Dictionary, translation, definition - Reverso
   advance corporation tax definition, meaning, English dictionary, synonym, see also 'corporation tax',corporation',mainstream corporation tax',corporative', ...
    
8. UK - Advance corporation tax, debt cap, patent box | KPMG | GLOBAL
   Nov 9, 2012 ... Draft regulations in the UK on advance corporation tax, debt cap, and patent box rules.