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1.  
1. ''Pensions''. 


''Pensions''.
Abbreviation for an active member of a pension scheme.


An active member.


2. ''Tax - types of income.''


2.  
For tax purposes, active income includes wages, salary and business profits.


Generally in relation to companies, any company which is not dormant.
Contrasted with 'passive' income, which is broadly investment income.




3.  
3. ''Tax - companies''.
 
''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:
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:
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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.


See also