Tax on funds collected from others in personal bank account

Are there any tax implications on holding funds from others (neighbours) for a one off payment (for road repair)?

Hi,

Depending on the amount, length of time and how the funds are held, there may be Income Tax implicatoin if the funds generate interest or dividends. These would then potentially be subject to tax. You can see guidance can be found here:

Tax on savings interest

Tax on dividends

Thank you.