Reduce or remove corporation tax on Community Interest Companies

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Petition Action

Reduce or remove corporation tax on Community Interest Companies

Petition Details

To please reduce or fully stop corporation tax on community interest company initiatives, which focus on social objectives, in a similar way to charities. This will enable CICs to help more people with the savings made, reducing pressure on the NHS and helping society.

Additional Information

The savings will give CICs the extra funding they need to cover the massive costs they face. This could also help to reduce the pressure on public services like the NHS, police, ambulances and social services. Corporation taxes place extra strain on CICs and reduces the positive impact they can have in communities.

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