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 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

• Active member
• Corporation Tax
• Deferred
• Dormant
• Service