10 ENGLISH BOOKS RELATING TO «MAINSTREAM CORPORATION TAX»
Discover the use of
mainstream corporation tax in the following bibliographical selection. Books relating to
mainstream corporation tax and brief extracts from same to provide context of its use in English literature.
1
The principle of non-discrimination in international and ...
company enjoys a cash flow advantage, in that it is not required to pay a
proportion of mainstream corporation tax directly but instead can wait until
mainstream corporation tax falls due.986 This cash flow advantage is an
advantage for the ...
The figure after deduction of ACT is known as the mainstream corporation tax
payable. No reduction is made for shadow ACT. If the capacity is less than the full
amount of surplus ACT, the balance is carried forward to the subsequent period.
3
Corporate
Tax Law: Structure, Policy and Practice
... a corporate tax rateof 30%andACT leviedat therateof 25%ofdistributed profits:
Corporation tax is 100 profits × 30% = 30 mainstream corporation tax liability (
preACT credit) 70 distributed profits × 25% = 17.5 ACT payable 30−17.5 (
ACTcredit) ...
4
St. James's Place
Tax Guide 2013-2014
13.17.3 Setting off ACT against 'mainstream' corporation tax (TA 1988 Ss238–
246) As its name suggests, advance corporation tax was a pre-payment of the
main or mainstream corporation tax bill of a company. The latter was only
ascertained ...
Walter Sinclair, E. Barry Lipkin, 2013
5
The Taxation of Income from Capital: A Comparative Study of ...
Hence the total of company taxes minus ACT is usually termed "mainstream"
corporation tax, and it is this figure that is equivalent to the revenues from
corporate income tax under a classical system. The imputation system provides
credit to the ...
Mervyn A. King, Don Fullerton, 2010
6
IBFD International
Tax Glossary
Machinery and plant See: Plant and machinery Mainstream (corporation) tax (
Ireland; UK) [MCT] Term used in the United Kingdom and Ireland to distinguish a
company's overall liability to corporation tax from advance corporation tax, the
latter ...
Julie Rogers-Glabush, 2009
7
The Costs and Benefits of Price Stability
Table 4.4 Advance Corporation Tax (ACT) and Mainstream Corporation Tax (
MCT) Taxable profits Corporation tax (CT) rate Liability to CT ACT rate £100 33%
£33 25% £40 £10 (0.25*40) £23 (33-10) Dividend paid Payments of ACT ...
8
The Finances of Engineering Companies
The consequence of these reliefs is that these companies will not have to pay
mainstream corporation tax for many years, probably not at any time in the
twentieth century. We here consider one of these companies, Southern Water,
which ...
Alan James Reynolds, 2013
9
Studies in Building Society Activity 1982-83
... the same way as it affects companies which make distributions and which can
offset advance corporation tax thereon against their mainstream corporation tax
liabilities. Building societies pay corporation tax only on their operating surpluses
.
10
A Dictionary of Taxation
It is sometimes known as the principal residence. mainstream corporation tax
Under previous corporation tax provisions in the UK, mainstream corporation tax
was the balance of a company's liability remaining after any payments of
advance ...
9 NEWS ITEMS WHICH INCLUDE THE TERM «MAINSTREAM CORPORATION TAX»
Find out what the national and international press are talking about and how the term
mainstream corporation tax is used in the context of the following news items.
Summer Budget 2015
The reduction of the mainstream corporation tax rate to 18% by 2020 will be much welcomed and will be an incentive to utilise UK companies. «Eversheds Press Office, Jul 15»
Lord Browne calls for North Sea tax to be scrapped
They may not deduct losses from other activities or interest payments as is the case under the mainstream corporation tax regime. They are ... «Out-Law.com, Feb 15»
UK Government 'still subsidises fossil fuels' five years after pledge
... oil and gas producers continue to pay at least 30% tax on their profits — significantly higher than the mainstream corporation tax rate of 21%." ... «stv.tv, Nov 14»
The UK government unveils proposals for tax breaks for shale gas …
The RFCT is calculated in the same way as the mainstream corporation tax applicable to all companies but with the addition of a 'ring fence' ... «Lexology, Aug 13»
Grant Thornton UK's Budget response overview
"The good news was undoubtedly in short supply but we did get a commitment to a further reduction in the mainstream corporation tax rate ... «bdaily, Mar 13»
Grant Thornton UK's Budget 2013 predictions
"We're already seen a further cut announced to the mainstream corporation tax, bringing it down to 21% with effect from April 2014. Could the ... «bdaily, Mar 13»
Deferred tax: the potential options
... year commencing 1 April 2011 so the deferred tax provision will be calculated using the 2011-2012 mainstream corporation tax rate of 27%, ... «AccountingWEB.co.uk, May 11»
UK fiscal tightening should not choke off the recovery
... with a remarkably business-friendly tax package including reliefs for small business and projections for cuts in mainstream corporation tax. «FinFacts Ireland, Jul 10»
Brown cuts corporation tax
Mr Brown said that by cutting the mainstream corporation tax rate - which is paid on annual profits of more than £1.5m - from 30p to 28p in the ... «BBC News, Mar 07»
