Small Business in a Group

I own several entities. One of them has a turnover of more than $2 million, and another one has a turnover of less than $2 million. When I am preparing the tax returns for the smaller entity (the one less than $2 million), is it possible to use the 28.5% company tax rate, or do I  need to consider it as a whole group which has a turnover of more than $2 million?

 

Only companies which are small business entities can use the 28.5% company tax rate. A small business is an entity with an aggregated turnover of less than $2 million. Generally, aggregated turnover is the annual turnover plus the annual turnover of any connected or affiliated business. In your situation, the combined turnover of the two businesses is greater than $2 million, so the company tax rate for small companies cannot be used.