Is this in relation to management companies?
A management Company would not get charity status!
I'm not sure what you think a charity is but managing an estate is not charitable.
If the developers are gone from the board the tax office may exempt the company from filing returns. But this is not the same as a charity.
Why would the developers no longer being directors exempt the company from filling a tax return?
We have just been advised that we must pay this at
the rate of 12.5% on any money we don't spend at the end of the year as any surplus will be classed as profit according to revenue.
Do you mind me asking - who advised you of this?
award winning accountants
apparently they have their best people on it and are now almost nearly sure we wont have to pay corporation tax once they get confirmation back from an expert in revenue.
sigh......
really? its all very trying when you have to tell your own appointed expert how to do their job.
Ask them what expert in Revenue this particularly taxing (hehe) enquiry necessitated correspondence with and ask to see this correspondence...
apparently they have their best people on it and are now almost nearly sure we wont have to pay corporation tax once they get confirmation back from an expert in revenue.