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

CUSTODIAN BANK is the bank that acts a custodian to a mutual fund. Does not manage anything, just holds the cash and securities and does the clerical.

NOPAT see NET OPERATION PROFIT AFTER TAXES.

Suggest a Term

Enter Search Term

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