ADVANCE CORPORATION TAX Definition

Bookmark and Share

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

SENSITIVE ASSETS are those assets that can be affected by uncontrollable external factors. There are interest rate sensitive assets (assets yielding cash-flows at some fixed points in the future) and theft-sensitive assets (inventory for example).

SALE AND LEASEBACK is a financial transaction, where one sells an asset and leases it back for the long-term. 

Suggest a Term

Enter Search Term

Enter a term, then click the entry you would like to view.