Corporation Tax

1. (CT). The UK tax charged on companies based on the level of their taxable profits - including chargeable gains - in an accounting period.

2. More generally, a tax charged on a corporation.

See also

• Accounting period
• Capital allowances
• Company
• Corporation
• Corporation Tax Act
• Corporation Tax return
• Corporation Tax Self Assessment
• Federal Corporate Income Tax
• Financial year
• Group payment arrangements
• ICTA
• Imputation system
• Income Tax
• Quarterly instalments