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World English Dictionary
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advance corporation tax
ad·vance cor·po·ra·tion tax
noun
Definition:
company tax:
a tax paid by any company in the U.K. that pays a dividend, calculated by deducting the basic rate of income tax from the grossed-up value of the dividend
Encarta® World English Dictionary [North American Edition] © & (P)2009 Microsoft Corporation. All rights reserved. Developed for Microsoft by Bloomsbury Publishing Plc.
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