Community interest companies

CIC Accountant: Accounts, Tax and Compliance

Quick answer

LimitedCompany.Accountants (Accotax London Limited, an ICAEW-regulated firm with ACCA and AAT qualified accountants) provides CIC Accountant: Accounts, Tax and Compliance for UK limited companies, online UK-wide and from our Morden office in London. Accountants for community interest companies: CIC accounts, CIC34 reports, Corporation Tax on trading income, grants, VAT, payroll and asset-lock compliance. Price: From £649 + VAT plus the £15 Companies House fee.

Accountants for community interest companies: CIC accounts, CIC34 reports, Corporation Tax on trading income, grants, VAT, payroll and asset-lock compliance.

From £649 + VAT plus the £15 Companies House fee

Content updated 21 October 2026. Official references are listed below.

Key facts

Price
From £649 + VAT plus the £15 Companies House fee
Turnaround
7 days
Who it's for
UK limited company directors and owners (Compliance)
Regulated by
ICAEW (firm), with ACCA and AAT qualified accountants
Where
Online UK-wide, or by appointment at 12 London Road, Morden, London SM4 5BQ

How much does CIC Accountant: Accounts, Tax and Compliance cost, and what is included?

CICs mix commercial and community activity. Grant funders, the CIC Regulator and HMRC each need different information, so records must show restricted grants, trading income and costs clearly.

01

CIC accounts and CIC34

02

Corporation Tax on trading income

03

Grant income analysis

04

VAT and payroll

05

Asset lock and dividend caps

CIC taxation

A CIC has no charitable tax exemptions. Trading profits are subject to Corporation Tax, and it cannot claim Gift Aid. Grants that are not payment for supplies may be outside VAT, and their Corporation Tax treatment depends on what they fund. Mutual trading and non-trading income require separate analysis.

Rates, thresholds and dates reflect the UK position at the content update date, including measures announced for future tax years. Check current GOV.UK guidance, or ask us, before relying on them.

Accounts and reporting

CICs file accounts and a CIC34 report at Companies House, a CT600 with HMRC, and a confirmation statement. Funders may require project-level reporting, so we set up tracking categories for each grant.

Asset lock and payments

Assets must be used for community benefit or transferred to another asset-locked body. CICs limited by shares may pay dividends subject to a cap. Director remuneration must be reasonable and disclosed in the CIC34.

VAT and payroll

If taxable trading income exceeds £90,000, VAT registration applies. Mixed taxable and non-business activity can restrict input VAT recovery. Employing staff brings PAYE and auto-enrolment duties.

Primary references

Official sources and further reading

Related answers

Read next

Every answer in this cluster is written for UK limited company directors and reviewed against current HMRC and Companies House guidance.

Frequently asked

CIC Accountant: Accounts, Tax and Compliance: questions directors ask

Does a CIC pay Corporation Tax?

Yes, on taxable profits, at the same rates as other companies.

Are grants taxable for a CIC?

It depends on the grant terms and what the money funds. Many are outside VAT; Corporation Tax treatment needs analysis.

Can a CIC pay its directors?

Yes, reasonable remuneration is allowed and must be disclosed in the CIC34.

Can a CIC claim Gift Aid?

No. Gift Aid is for charities and CASCs.

Can a CIC pay dividends?

A CIC limited by shares can, subject to the dividend cap.

What records are needed for cic accountant: accounts, tax and compliance?

Keep bank statements, sales and platform reports, purchase invoices, payroll records, VAT workings, finance agreements and Companies House correspondence. We confirm the exact list at onboarding and identify gaps before a filing deadline becomes urgent.

How much does help with cic accountant: accounts, tax and compliance cost?

The fee depends on transaction volume, record quality, VAT and payroll requirements, historic catch-up and the level of reporting needed. We agree a fixed scope and price before technical work starts, with published packages available on our fees page.

Can you take over cic accountant: accounts, tax and compliance from another accountant?

Yes. We request professional clearance, collect the prior records and authorities, check the next Companies House and HMRC deadlines, and give you one clear handover list. The process is normally completed remotely.

Can cic accountant: accounts, tax and compliance be handled online?

Yes. We work through secure cloud records, scheduled reviews and digital approvals, while keeping a named team available by phone, video call and email. Clients can also visit our Morden office by appointment.

Which accounting software works best for cic accountant: accounts, tax and compliance?

We regularly work with Xero, QuickBooks, FreeAgent, Sage and connected sales or expense apps. The right setup depends on transaction volume, integrations and the reports you need, not simply the software brand.

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What Our Clients Say

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“Accotax have been our accountants for many years now. We maintained them because of their professionalism. In the last couple of years I have been working with Imran, who has been very professional and helpful in guiding us through the whole process, explaining and clarifying every aspect of it. Very prompt in responding to questions and patient with us even when we seem to be slow.”
Mansur Liman · Long-standing company client
“We worked with a few different accountants before finally settling with Accotax, and we're really glad we did. They take the time to understand how our business works and what our needs are. Anum, who looks after our account on a day-to-day basis, including reconciling invoices and preparing the annual accounts, is amazing, professional, efficient, and follows the processes we have put in place together. Accotax has made our accounting experience much smoother and easier. We see them as a long-term partner as our business continues to grow. I would 100% recommend them.”
Mael Leboucher · Year end accounts & bookkeeping
“I've been working with Accotax since January 2024, and their support has grown alongside my business needs. My personal allocated manager, Umer, provides tailored services for both of my companies, adapting as I expand and ensuring everything runs smoothly. They are responsive, knowledgeable, and always clear in their communication. Their help with accounts, VAT, payrolls, pensions and compliance gives me real confidence and peace of mind.”
Зайтуна «Анонимная татарка» Manning · Two limited companies, VAT, payroll & pensions
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Appointments run monday to friday, 9:00am to 5:30pm. Your confirmation is emailed straight away.

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