The question “Are grants taxable?” has several answers, as it depends whether you are classed as trading or not by HMRC for corporation tax purposes, and also whether the grant is really a grant.
Tag: Income Generation
You asked, so I’ll answer – What’s the difference between a CIC (Community Interest Company) and a charity? CICs (Community Interest Companies) and charities are both legal structures that can […]
The phrase social enterprise refers to the way in which you operate and run your business or organisation. So as a social enterprise you have a social or environmental purpose at the heart of your business and reinvest profits to do more good work.
Yes, social enterprises can be sole traders. Social enterprise is a way of doing business and does not refer to a specific legal structure. For further details on what a social enterprise is please refer to the article titled “What are social enterprises?”