Corporation Tax: Social Enterprises
(asked on 19th October 2016) - View Source
Question to the HM Treasury:
To ask Her Majesty’s Government whether they have considered the merits of exempting social enterprises from paying corporation tax.
This question was answered on 1st November 2016
Many social enterprises are charities, which are exempt from Corporation Tax on most income and gains if they are used for charitable purposes.
The Government has also taken steps to support social enterprises by introducing the Social Investment Tax Relief (SITR). SITR provides tax relief to individuals when they invest in qualifying social enterprises.
The Government has no plans to exempt all social enterprises from paying Corporation Tax, but keeps all tax policy under review.