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This petition was submitted during the 2019 to 2024 Parliament

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Closed Reduce or remove corporation tax on Community Interest Companies

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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.

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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    This petition will stay open until 17 October 2023.