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Home > QFINANCE Dictionary > Definition of ACT

Definition of

ACT

Tax abbr

former UK company tax advance corporation tax: formerly, in the United Kingdom, a tax paid by a company equal to a percentage of its dividends or other distributions of profit to its stockholders. It was abolished in 1999.

ACT - Related Articles
  • Martin O’Donovan

    Biographies

    Martin O’Donovan is assistant director, policy and technical, at the Association of Corporate Treasurers (ACT). The ACT is the international body for finance professionals working in treasury, risk, and corporate finance. With 3,600 members in over 60 countries, the ACT defines and promotes best

  • Will Spinney

    Biographies

    Will Spinney joined the treasury department at Johnson Matthey plc after a brief career in the Royal Navy, and took the first ever Association of Corporate Treasurers (ACT) corporate treasury exams in 1985

  • Sarbanes–Oxley

    Key Concepts

    The Sarbanes–Oxley Act of 2002 (SOX) sought to clean up corporate America following the spectacular financial scandals that engulfed Enron and WorldCom and which cost investors billions of dollars.

  • Rodney Wilson

    Biographies

    He currently chairs the academic committee of the Institute of Islamic Banking and Insurance in London and is acting as consultant to the Islamic Financial Services Board with respect to its shariah governance guidelines.

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

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