Revenue Scotland and Tax Powers Act 2014 section 121

Meaning of "carrying on a business"

Section 121 defines what "carrying on a business" means for the purposes of the investigatory powers available to Revenue Scotland under this Part of the Act.

• The definition of "carrying on a business" is deliberately broad and extends beyond conventional commercial trading activities.
• Letting property, charitable activities, and the activities of local authorities and other public authorities all count as carrying on a business for these purposes.
• Scottish Ministers have the power to make regulations that add further activities or persons to, or exclude them from, the definition of carrying on a business.
• This wide definition ensures that Revenue Scotland's information and inspection powers can apply to a full range of organisations and activities, not just traditional profit-making enterprises.