imputation system

imputation system A corporation tax system in which a company making a qualifying distribution pays tax on the dividend paid. The shareholder receiving the dividend also receives a credit representing the tax paid by the company and this can be used to offset his or her tax liability. The UK operated an imputation system until 1999 (seeadvance corporation tax; franked investment income).

• standard operating profit
• standard overhead cost
• standard performance
• standard production cost
• standard purchase price
• standard rate
• standard selling price
• standard time
• standard variable overhead cost
• standby agreement
• standby credit
• standing order
• standstill agreement
• start-up
• start-up costs
• state banks
• State Earnings-Related Pension Scheme
• statement of account
• statement of affairs
• Statement of Auditing Standards
• statement of cash flows
• statement of changes in equity
• statement of changes in financial position
• statement of comprehensive income
• Statement of Financial Accounting Standards