Corporation Tax and the CIC34 report for CICs — Clients Assistant
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Corporation Tax · community interest companies

Corporation Tax for community interest companies.

A community interest company has no special tax status. It pays Corporation Tax and files a CT600 like any other company, and each year it files a CIC34 community interest report with its accounts at Companies House, even when it's dormant.

The CT600 filed with HMRC, with the accounts and tax computation
The accounts and CIC34 report prepared as one package
A CIC Excel template that includes the CIC34 report

Companies House filing opens soon. You can file the CT600 with HMRC from Clients Assistant now. Until Companies House filing opens here, file the accounts with Companies House yourself, online or by post.

Start for free
Corporation TaxSame as any company
Charity exemption (CT600E)Not available
CIC34 reportWith the accounts, every year
Dormant CICStill files a CIC34
Filing with HMRCLive

How a CIC is taxed

The CIC Regulator's guidance is plain: community interest companies don't enjoy any special tax status. They pay Corporation Tax and VAT, and can claim the same reliefs as other companies. A company can't be both a CIC and a charity, so a CIC can't claim charitable exemption on a CT600E.

Profits up to £50,000 are taxed at 19% and profits over £250,000 at 25%, with marginal relief in between, as for any company.

What a CIC files each year

FilingToNotes
Company Tax Return (CT600)HMRCWith the accounts and tax computation, within 12 months of the end of the period
Annual accountsCompanies HouseThe same rules as any limited company
CIC34 community interest reportCompanies HouseFiled with the accounts, even by a dormant CIC; it goes on the public record and is copied to the CIC Regulator
Confirmation statementCompanies HouseAt least once every 12 months

The CIC34 explains what the company has done to benefit the community, how it involved its stakeholders, what its directors were paid, and any assets transferred out of the CIC. A CIC limited by shares also reports dividends paid and interest on capped loans.

With Clients Assistant

The CT600, accounts and CIC34 from one set of figures

01 / prepare

Bring in the figures

Fill in the CIC template, which includes the CIC34 report, or start from your Clients Assistant ledger or a trial balance.

02 / check

Check the package

Review the tax computation, the CT600, and the accounts with the CIC34 report, prepared as one package ready for Companies House's CIC service.

03 / file

File with HMRC

File the CT600 with the company's Government Gateway sign-in or your agent's, and follow HMRC's reply in the submission history.

FAQs

Questions people ask

Yes. CICs have no special tax status: they pay Corporation Tax and VAT like other companies, and can claim the same reliefs.

No. A company can't be both a CIC and a charity, so a CIC can't claim charitable exemption on the CT600E pages.

Yes. Every CIC, including a dormant one, files a CIC34 community interest report with its accounts.

What the company has done to benefit the community, how it involved its stakeholders, what its directors were paid, and any assets transferred out of the CIC. A CIC limited by shares also reports dividends paid and interest on capped loans.

Yes. The CIC Excel template includes the CIC34 report, and Clients Assistant prepares the accounts and the CIC34 as one package, ready to file on Companies House's CIC service.

Preparing everything is free. Filing is £15 + VAT a year for one CIC, or £5 + VAT if it's dormant, with the CIC package included.

Checked against GOV.UK on 15 October 2026. Sources: Community interest companies guidance; CIC Regulator: frequently asked questions; Closure of the service to file your company accounts and tax return.

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