What best describes your company?
The tax rules ask us to record what kind of business your company is. Your answer decides one thing: whether we also need tax details for the people who own or control the company. For most businesses, we don't.
Choose the first option that is true. If two are true, the one nearer the top is enough.
| Option | Choose it if | What we then ask for |
|---|---|---|
| Trading business | Most income comes from selling goods or services, and the company doesn't mainly hold property or investments | Company only |
| Listed company or group member | Your shares, or your group's shares, trade on a stock exchange | Company only |
| Government body or central bank | Including a company wholly owned by one | Company only |
| Holding company of trading businesses | You mainly hold shares in, or serve, trading subsidiaries (not investment funds) | Company only |
| New company, not yet trading | Set up less than 24 months ago and investing to start a business | Company only |
| Winding down or reorganising | Not a financial firm in the last 5 years, and staying non-financial | Company only |
| Group financing or treasury | You finance or hedge only companies in your own group | Company only |
| Charity or non-profit | A registered charity or other not-for-profit | Company only; we may ask one more question |
| Regulated financial firm | For example a bank, payment or e-money firm, broker, fund or insurer | We'll contact you |
| None of these | None of the above fits, for example a company that mainly holds investments or rented property | Company and its controlling people |
| I am not sure | You can't tell which option fits | Company and its controlling people |
If your company has some trading income but mainly holds property or investments, choose None of these.
"I am not sure" is a normal answer, and nothing goes wrong if you choose it. If you later find out which option fits, tell us and we'll update it. See Whose tax details do you need?
The options come from the Common Reporting Standard (Section VIII, D(9)), and they are the same for UK and Danish accounts. For UK accounts, HMRC explains them at IEIM404040. We can't give tax advice, so please ask your tax adviser if you're unsure.