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1. ''Pensions''. | 1. ''Pensions''. | ||
Abbreviation for an active member of a pension scheme. | |||
2. ''Tax - types of income.'' | |||
For tax purposes, active income includes wages, salary and business profits. | |||
Contrasted with 'passive' income, which is broadly investment income. | |||
3. ''Tax - companies''. | |||
For tax purposes a company is normally defined as active - and potentially liable for Corporation Tax - when it does any one (or more) of the following: | For tax purposes a company is normally defined as active - and potentially liable for Corporation Tax - when it does any one (or more) of the following: | ||
*Carrying on any business activity or trade or profession. | *Carrying on any business activity or trade or profession. | ||
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*Managing investments. | *Managing investments. | ||
*Receiving any other income. | *Receiving any other income. | ||
4. ''Investment management - strategies''. | |||
Active investment funds engage investment managers to select their investments. | |||
5. ''Judgement - initiative.'' | |||
More generally, any structure or undertaking involving relatively more judgement or initiative. | |||
== See also == | == See also == | ||
* [[Active bookrunner]] | |||
* [[Active fund]] | |||
* [[Active income]] | |||
*[[Active investment]] | |||
*[[Active investor]] | |||
* [[Active member]] | * [[Active member]] | ||
*[[Active ownership]] | |||
* [[Assets]] | |||
* [[Corporation Tax]] | * [[Corporation Tax]] | ||
* [[Debit]] | |||
* [[Deferred]] | * [[Deferred]] | ||
* [[Dormant]] | * [[Dormant]] | ||
* [[Internationally active insurance groups]] | |||
* [[Investment fund]] | |||
* [[Passive]] | |||
* [[Principles for Responsible Investment]] | |||
* [[Service]] | |||
[[Category:Accounting,_tax_and_regulation]] | [[Category:Accounting,_tax_and_regulation]] | ||
Latest revision as of 05:14, 30 March 2024
1. Pensions.
Abbreviation for an active member of a pension scheme.
2. Tax - types of income.
For tax purposes, active income includes wages, salary and business profits.
Contrasted with 'passive' income, which is broadly investment income.
3. Tax - companies.
For tax purposes a company is normally defined as active - and potentially liable for Corporation Tax - when it does any one (or more) of the following:
- Carrying on any business activity or trade or profession.
- Buying and selling goods with a view to profit.
- Providing services.
- Earning interest.
- Managing investments.
- Receiving any other income.
4. Investment management - strategies.
Active investment funds engage investment managers to select their investments.
5. Judgement - initiative.
More generally, any structure or undertaking involving relatively more judgement or initiative.
