05/06/2026
🚨 Many CIC directors wrongly assume that Community Interest Companies are automatically tax-exempt like charities.
They are not. 😰
CICs can still face:
❌ Corporation Tax liabilities
❌ VAT obligations
❌ Confusion around grants and donations
❌ Problems with HMRC compliance and filings
This is one of the biggest misunderstandings we see from new CIC founders.
That’s why we created this practical guide explaining:
✅ Whether CICs pay Corporation Tax
✅ How donations and grants are treated
✅ What expenses may reduce tax
✅ Common CIC tax mistakes directors make
✅ What HMRC expects from a CIC
Read the full guide here 👇
https://buff.ly/jqpaIUp
⚠️ We only have a few CIC tax and accounts support slots remaining. Once they are gone, they are gone.
📞 Call KG Accountants today if you need help with CIC tax returns, accounts, VAT, or compliance.
Are CICs Tax-Exempt? It’s a common misconception that CICs, like charities, are fully exempt from taxes. However, CICs are taxed in much the same way as regular companies. They are subject to Corpo…