If you answer No to either or both of these questions, close the worksheet and N will be passed to both the Small business entity question at label F1 and the Base rate entity question at F2. If you press Alt+S to open the Passive income (PI) test worksheet. We'll default the answer based on the results of the PI test. Alternatively, if you have already calculated your PI and it is less than 80%, then answer Yes to Question 1. If you press Alt+S at Question 2, you can complete the Aggregated turnover (AT) worksheet. We'll default the answer based on the results of the AT test. Alternatively, if you have already calculated your AT and it is less than $50 million, then answer Yes to Question 2. You must answer Answer Y to both eligibility questions to qualify for the lower 27.5% tax rate.
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