Dictionary of banking and finance. 2015.
imputation system — ➔ system * * * imputation system UK US noun [C] TAX ► a system in which shareholders who receive dividends (= part of the profit of a company) also receive a tax credit for taxes that the company paid: »Corporation tax is based on an imputation… … Financial and business terms
imputation system — A tax system operated in some jurisdictions (for example, in the UK until the abolition of advance corporation tax on 6 April 1999), which imputes or attributes to shareholders a credit for the tax suffered by the company on its income. This… … Law dictionary
imputation system — noun A method of taxation whereby some or all of the corporation tax on a company is offset by the income tax paid by shareholders on dividends • • • Main Entry: ↑impute … Useful english dictionary
imputation system — Formerly, the system in which the advance corporation tax (ACT) paid by a company making qualifying distributions was available to set against the gross corporation tax for the company. The shareholder receiving the dividend was treated as having … Accounting dictionary
imputation system — Formerly, the UK system in which a company making a qualifying distribution paid advance corporation tax on the dividend paid; this amount could then be set against the gross corporation tax for the accounting period. The shareholder receiving… … Big dictionary of business and management
system — sys‧tem [ˈsɪstm] noun [countable] an arrangement or organization of ideas, methods, or ways of working: • Deregulation has created worries about the stability of the country s financial system. • All staff will benefit from a well run… … Financial and business terms
Dividend imputation — is a corporate tax system in which some or all of the tax paid by a company may be attributed, or imputed, to the shareholders by way of a tax credit to reduce the income tax payable on a distribution. In comparison to the classical system, it… … Wikipedia
classical system of corporation tax — A system of taxing companies in which the company is treated as a taxable entity separate from its own shareholders. The profits of companies under this system are therefore taxed twice, first when made by the company and again when distributed… … Big dictionary of business and management
Imputation tax system — Arrangement by which investors who receive a dividend also receive a tax credit for corporate taxes that the firm has paid. The New York Times Financial Glossary … Financial and business terms
imputation tax system — Arrangement by which investors who receive a dividend also receive a tax credit for corporate taxes that the firm has paid. Bloomberg Financial Dictionary … Financial and business terms
