ADVANCE CORPORATION TAX Definition

ADVANCE CORPORATION TAX (ACT) is a UK Corporation tax, required under UK tax rules. It represents a minimum tax on companies that earn most of their profits overseas.

Learn new Accounting Terms

THEORETICAL USAGE, in a manufacturing environment, is the projected or budgeted usage of parts, materials or supplies as opposed to the actual usage that may occur.

IPO (INITIAL PUBLIC OFFERING) is the first or primary offering of stock to the public.

Suggest a Term