Pampas24

We are a non-profit flat management company where each leaseholder owns a share of the freehold. We created a reserve for a roof fund within our existing (service charge) bank account and received interest on the account this year. I have read that we will now have to file a Corporation Tax return in order to pay tax on the bank interest we have earned. However, I have also read that we need to register with the Tax Estates and Trust office and file an Estates and Trust return as the monies held by the company are held on trust. Can you advise which one it is and what we need to do to ensure we set everything up properly and pay the correct tax on the interest we have earned.