Mainstream Corporation Tax

2 Posts
1 Sections
1 Types

Definitions

Mainstream Corporation Tax MCT Corporation Tax Advance Corporation Tax ACT Taxation Corporate Finance

Mainstream Corporation Tax (MCT) was formerly a key component of the corporation tax system in the UK, calculating a company's tax liability for an accounting period after the offsetting of Advance Corporation Tax (ACT), which was abolished in 1999.

Definitions

MCT (Member of the Association of Corporate Treasurers / Mainstream Corporation Tax)

MCT Member of the Association of Corporate Treasurers Mainstream Corporation Tax Corporate Tax Finance Professionals Taxation Corporate Finance Business Structures

MCT can refer to an individual recognized as a Member of the Association of Corporate Treasurers or it can stand for mainstream corporation tax, a standard rate of corporate tax applied to profits of companies.