Trusts for particular purposes: flat management companies - notification from trustee and liaison with company's tax office
Where notification of a flat management company trust comes direct to you from either the trustee or the agent acting, you will need to set up the trust SA record, and also establish whether or not a corporation tax record already exists for the flat management company.
If a corporation tax record does exist, you should liaise with the appropriate tax office to ensure that there is neither duplication nor omission of any period of liability.
If a corporation tax record does not exist, you should liaise with the appropriate tax office so that a decision can be made as to whether one needs to be created.
If the corporation tax office is satisfied that there are no corporation tax profits, or that the company may be treated as dormant, the decision may be taken not to set up a corporation tax record.
There are some cases for which a trust record has existed for some time. When these come to light in day to day work or the SA return review, you should check to see if a corporation tax record exists, and if not liaise with the appropriate tax office, as outlined above.