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<p>Community benefit societies which are not registered charities currently pay corporation
tax on their profits, investment income and any capital gains. At present the government
does not consider a specific exemption from corporation tax to be appropriate as there
are alternative routes by which community benefit societies could access an exemption-
most importantly registering as a charity if the relevant conditions are met.</p><p>
</p><p>The business rates system also includes a number of reliefs and exemptions
for registered charities. If a community benefit society is a registered charity then
it would be potentially eligible for this support. And all community benefit societies
will benefit from the reduction in business rates announced at Budget 2016, which
is worth almost £9bn.</p>
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