Active: Difference between revisions

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imported>Doug Williamson
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2. ''Tax''.
2. ''Tax - types of income.''


For tax purposes, active income includes wages, salary and business profits.
For tax purposes, active income includes wages, salary and business profits.
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3. ''Tax''.
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:
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5.
5. ''Judgement - initiative.''


Any structure involving relatively more judgement or initiative.
More generally, any structure or undertaking involving relatively more judgement or initiative.




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* [[Active fund]]
* [[Active fund]]
* [[Active income]]
* [[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]]
* [[Passive]]
* [[Principles for Responsible Investment]]
* [[Service]]
* [[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