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Glossary   >   A   >   "Advance corporation tax" Definition            Advance corporation tax Tax payable by companies on dividend payments up to 5th April 1999 which was offset against the company"s mainstream corporation tax liability. Glossary    Dictionary Search (powered by Google) WWW ITLOCUS.COM GLOSSARY.ITLOCUS.COM Translate a web page (powered by Google)      to German Spanish French Italian Portuguese Japanese Korean Chinese

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Advance corporation tax - Tax payable by companies on dividend payments up to 5th April 1999 which was offset against the company"s mainstream corporation tax liability.