"The existing relief (basic info below) has been approved and received Royal Assent this month, it is available to you now
Social investment tax relief
The government’s new tax relief scheme for social investment encourages individuals to…"
Govt are hoping to expand the recently announced SITR scheme and need your help building the case for market failure as required for getting EU approval.To succeed we have to show strong evidence of market failure and we need your stories to do this. If you have been refused finance or have an informed opinion on the subject please submit evidence via the questions in the attached document on page 26 onward.Your contribution really will help shape the argument, the small cases matter just as…See More
I am thinking about CICs with a sufficient number of members (who may not all know each other), that formally electing directors, rather than just confirming their appointment by ordinary resolution, is relevant. I was thinking of GP commissioning groups and Nene Commissioning in particular, which serves Northants and which is registered as a CIC. However looking at their website, there is virtually nothing about governance or how they are funded, and you can become a 'member' without contributing any share capital. That seems just like a public relations exercise to me and the doctors just want to get rich off the NHS, hardly in the spirit of CICs. However if any of your members represent CICs with many members - probably hundreds at least - they might be interested in what I have to suggest. What do you think? Worth discussing or wasting people's time?
First of all thank you for allowing someone who is not associated with a CIC to become a member of the Association. I will try not to abuse the privilege. The 8000 or so CICs come in all shapes and sizes. My suggestions would probably only apply to a minority. I think the best way to start is to put an article on my blog and put a link to it on this wall.