Trust Registration Category page for Trustee Support Services
Unincorporated clubs and associations Trustees of unincorporated clubs and associations who own property or other assets may be required to register their trusts on the Trust Registration Service (TRS). Whilst the deadline for registration of non-taxable trusts that were in existence on 6 October 2020 was 1 September 2022, we Read more…
Estates and trusts created by a will An estate and/ or a trust(s) created by a will may need to be registered on HMRC’s Trust Registration Service (TRS). Personal representatives’ and trustees’ responsibilities Personal representatives of an estate and the trustees of a trust(s) created in a will have different Read more…
Trusts, a way of arranging property for the benefit of others, while still maintaining some control over it This is a brief guide to the different types of trust available and the terminology used around trusts. It focuses on trusts established under the law of England and Wales. Different Read more…
An update for trustees – one year on The trust registration deadlines We are now one year on from the 1 September 2022 trust registration deadline when most trusts in existence at 3 June 2022 were required to have been registered on the Trust Registration Service (TRS). Any trusts created Read more…
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. Read more…
It is incredibly important to keep your trust register details up-to-date with HMRC It is important that trustees ensure that the details of their trust(s) held on the Trust Register are regularly reviewed and kept up to date. Any changes to the registered details must be updated within 90 days Read more…
HMRC has added 2 factor authentication to government gateway accounts for extra security It seems that, at the start of October 2022, HMRC has added 2 factor authentication to government gateway accounts. When logging into to a government gateway account, for example to review or notify changes to details of Read more…
HMRC set a trust registration deadline of 1 September 2022 for UK express trusts to be registered on the Trust Registration Service (TRS) As part of the implications from the EU’s Fifth Money Laundering Directive (5MLD) and the accompanying legislation introduced into UK law (despite Brexit), HMRC set a deadline Read more…
Penalties for failing to register a trust with HMRC’s Trust Registration Service Following legislation introduced on 6 October 2020, all express trusts (other than excluded trusts) now have to be registered on the Trust Registration Service (TRS) by the later of 1 September 2022 or 90 days from the date Read more…
6 weeks and counting! Here’s what you need to know about trust registration There are now just over 6 weeks left until the deadline of 1 September 2022 by which any trusts set up before 3 June 2022, which require registration on the Trust Registration Service (TRS), should be registered. Read more…