Active: Difference between revisions
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imported>Doug Williamson m (Category added 8/10/13) |
imported>Doug Williamson (Spread out whole page, and clarify tax definition.) |
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1. ''Pensions''. | 1. ''Pensions''. | ||
An active member. | An active member. | ||
2. | 2. | ||
Generally in relation to companies, any company which is not dormant. | Generally in relation to companies, any company which is not dormant. | ||
3. ''Tax''. | 3. ''Tax''. | ||
For tax purposes a company is normally defined as active - and potentially liable for Corporation Tax - when it | 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. | |||
== See also == | == See also == | ||
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* [[Dormant]] | * [[Dormant]] | ||
[[Category: | [[Category:Accounting,_tax_and_regulation]] | ||
Revision as of 12:34, 13 July 2014
1. Pensions. An active member.
2.
Generally in relation to companies, any company which is not dormant.
3. Tax.
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.
