Active

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 carries on any business activity or trade or profession, buys and sells goods with a view to profit, provides services, earns interest, manages investments, or receives any other income.

See also

• Active member
• Corporation Tax
• Deferred
• Dormant