Rural Community Shops

Due to the huge success of the Mary Portas guide to successful retailing, Skillsmart Retail and the National Skills Academy for Retail are offering four owners or managers of independent retail businesses the opportunity to take part in the three most popular master classes, free of charge.

Each year, many community shops pay corporation tax -  a 20% tax on their taxable profits. However, it has come to light that community shops using the Industrial and Provident Society for the Benefit of the Community structure can be registered as dormant for Corporation Tax purposes.

The Plunkett Foundation confirmed this benefit for community shops with HMRC following Almondsbury Community Shop in Gloucestershire making a recent breakthrough.

In June this year, the Plunkett Foundation organised a national networking event for community owned shops at which 25 community shop representatives were present. A motion was put forward for a national membership scheme to be created with Community Shops in the driving seat and Plunkett administering the scheme.

AN ARTICLE IN THE DAILY TELEGRAPH FEATURING COMMUNITY SHOPS DEFYING GOVERNMENT CUTBACKS.

http://www.telegraph.co.uk/earth/countryside/7947538/With-no-help-from-the-Coaltion-country-folk-are-doing-it-for-themselves.html