recoverable advance corporation tax

recoverable advance corporation tax
гос. фин., брит. обратимый авансовый корпоративный налог* (авансовый корпоративный налог, который, будучи уплаченным, может быть засчитан полностью в счет налоговых обязательств компании в текущем году, а может быть перенесен в счет любого из отчетных периодов в пределах шести лет до начала текущего отчетного периода)
See:

Англо-русский экономический словарь.

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