Commercial & FinanceVerified
ADP meaning in oil and gas
ADP means Acceptable Distribution Policy. Term in UK company tax law. A Controlled Foreign Company (CFC) may need to follow an ADP - dividending 90%+ of its income to the UK - to avoid its profits being treated as…
Definition
Acceptable Distribution Policy
Term in UK company tax law. A Controlled Foreign Company (CFC) may need to follow an ADP - dividending 90%+ of its income to the UK - to avoid its profits being treated as taxable for its UK parent. This may not be the context you were looking for!