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What Is the CIC34? A CIC34 report is a form used for annual reporting. Each year, youd submit the report to the Regulator of Community Interest Companies. Youd submit your information to the Regulator by way of the Registrar of Companies in your area.
These can only be filed online. You will need to have a tax account before you can submit the Accounts. Also, you need a UTR (Tax reference Number) This can be found on any letter you received from HMRC.
CICs are subject to the same regulatory requirements as companies, so they are exempt from an audit as long as they meet at least two of the following criteria: Their turnover is less than 10.2m. Their total assets are less than 5.1m. They have less than 50 employees.
CICs must prepare an annual community interest company report, which is filed with the accounts using form CIC34. This report shows that the CIC continues to satisfy the community interest test that it passed when it was formed or converted, and that its activities continue to benefit the community.
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