The CIC34 is the community interest company report that every CIC must deliver to Companies House each year with its accounts. It explains what the company did for the community, what its directors were paid and whether any assets left the company at less than full value.
What it covers
| Part | Subject |
|---|---|
| 1 | Activities and impact: what the company did and how it benefited the community |
| 2 | Consultation with stakeholders |
| 3 | Directors’ remuneration |
| 4 | Transfers of assets other than for full consideration |
| 5 | Dividends (a CIC limited by shares only) |
| 6 | Performance-related interest |
| 7 | Signature of a director |
Filing it
The CIC34 goes to Companies House, which passes it to the CIC Regulator. It is never part of the CT600. It must arrive together with the accounts for the same year, its company name and year end must match them, and it has its own filing fee.
In Tax Optimiser
Tax Optimiser prepares the CIC34 alongside the accounts and produces it as a PDF for a director to sign. A CIC’s accounts and CIC34 are then filed together using Companies House WebFiling or by post, not from Tax Optimiser.
Read more: Community Interest Companies: the CT600 and the CIC34 report.