Corporation Tax - Company Limited by Guarantee | AccountingWEB

Corporation Tax - Company Limited by Guarantee

Hello, I hope someone can help!

I am a CIMA public sector accountant but I have recently taken on a voluntary role with a small not for profit organisation. Unfortunately they need to submit their first set of accounts to companies house in a week's time!


I have prepared the accounts and from what I can see they owe a fair amount (relative to their size) in corporation tax. They are funded by grants and donations, and mostly organise events and raise awareness.


Is there any way I can avoid this? If they were to apply for charitable status after paying HMRC, could this amount be claimed back?


Many thanks in advance for any help!


There are 4 comments. Login or register to view them.

Unlikely, but give it a go.

zebaa |

Hello Thanks for the reply!

bristolian |

Presumably ...

Old Greying Accountant |
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PM sent but

Chris Smail |
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