Are you involved in a Trust in anyway?
Historically only taxable trusts needed to be registered. However, new rules introduced on 6 October 2020 require most UK trusts (and some non-UK trusts) to register via the Trust Registration Service (TRS) regardless of their taxable status. These rules apply to all express UK trusts. Common trusts included are Nil Rate band trusts and trusts […]
UK Trusts Registration Service procedure
Why do trusts have to be registered using the New UK Trust Registration Service? HM Revenue and Customs (HMRC) accepted registration of trusts with paper form 41G (Trust) until April 2017 and the new UK Trust Registration Service is a replacement online trust registration procedure, enabling trustees to maintain trust records. The opportunity has been taken […]