imputation system

noun

a former taxation system in which some, or all, of the corporation tax on a company was treated as a tax credit on account of the income tax paid by its shareholders on their dividends; discontinued from 1999See also advance corporation tax

Nearby words

  1. impure flutter,
  2. impurely,
  3. impurity,
  4. imputable,
  5. imputation,
  6. impute,
  7. imputed,
  8. imputedly,
  9. imputrescible,
  10. impv.

Collins English Dictionary - Complete & Unabridged 2012 Digital Edition © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins Publishers 1998, 2000, 2003, 2005, 2006, 2007, 2009, 2012