Active: Difference between revisions

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imported>Doug Williamson
(Spread out whole page, and clarify tax definition.)
imported>Doug Williamson
(Layout.)
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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 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.

Revision as of 09:54, 11 May 2016

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.


See also