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Definition of

mainstream corporation tax


main UK tax on corporations the principal UK tax on resident companies, paid on profits after deduction of allowable expenses. This was formerly reduced by the amount of advance corporation tax already paid.

Definitions of ’mainstream corporation tax’ and meaning of ’mainstream corporation tax’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’mainstream corporation tax’ and other financial terms with our online QFINANCE Financial Dictionary.

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