End of year return for CIC
Hi, my wife incorporated a CIC on 28 June 2019. She received a grant of about £8,000, then there were only three transactions for period to 31st June 2020. 1 payment to Zoom, 1 payment to a small supplier of arts & crafts and the other to someone hosting a webinar. Everything then went quite due to Covid. I believe the 21 months for her first set of accounts are due end of March this year (2021). Would the remainder of the grant money be liable for corporation tax? I have looked on loads of difference sites and books but cannot get a definitive answer.