The short is yes. Community Interest Companies (CICs) pay the same taxes as any other company. Also, Investment income, trading profits, and all other gains are taxable. CIC also pays Corporation Tax, completes a CIC Tax return, Pays VAT, just… Read More ›
Setting up a Community Interest Company (CIC) has many advantages over either being a normal corporation or setting up a charity. A CIC is a hybrid between companies and charities in that it’s a company with a social mission, but… Read More ›
What’s the key difference between a CIC and a charity, and which is better for your organisation? Learn how to decide between a CIC Vs a CIO. Are you interested in setting up a social enterprise? That’s great news! But,… Read More ›