Trust registration
HMRC’s penalties for failure to register or maintain a trust on the TRS
Our blog published in October 2022 provided details of HMRC’s penalties that they may levy against trustees who either fail to register a trust requiring registration on the Trust Registration Service (TRS) or who fail to maintain the trust’s details on the Trust Register once the trust has been registered. New guidance HMRC has now provided some further guidance around when a penalty may be issued and what to do should a penalty notice be Read more…