WebWe have several “not for profits” and you are correct that there is no Corporation Tax except on Bank Interest (if you get any ) and trading income.We just use the regular company structure - We don’t make profit so anything left over becomes reserves (I’m not sure I would flag it as “undistributed” as that could imply it is to be distributed (as oppose to spent) in … Weba u s t r a l a s i a n tax teachers associaassociationtion journal of the australasian tax teachers association 2013 vol.8 no.1 edited by

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WebOct 5, 2012 · Provided the CIC's activities remain of a charitable nature there should be no corporation tax to pay on any surplus. The only income that would be taxable are … WebJul 23, 2024 · CTM40145 - Particular bodies: clubs: Community Interest companies - HMRC internal manual - GOV.UK CICs are not charities. From the same source: “CICs may be companies limited by shares or by guarantee, or may be listed companies.” So the logical choice in Quickfile is “Limited company”. pink flamingo christmas wrapping paper

CTM40100 – Particular bodies: clubs [CTM40100] - CRONER-I

WebCTM40145 - Particular bodies: clubs: Community Interest companies. Community Interest Companies (CICs) are a type of limited liability company designed specifically for those … WebCTM40145 - Particular bodies: clubs: Community Interest companies - HMRC internal manual - GOV.UK. CICs are not charities. From the same source: “CICs may be companies limited by shares or by guarantee, or may be listed companies.” So the logical choice in Quickfile is “Limited company”. WebJun 10, 2024 · I have a client who is a CIC. They have received a large grant from the Community Renewal Fund from our local combined authority.They have pink flamingo christmas shirts