0370 270 6000

Trust compulsory online registration

26 September 2017

HM Revenue & Customs (HMRC) has launched a compulsory online Trust Registration Service (TRS) for all trusts with UK tax liabilities and complex estates. The Trust Register is intended to provide a single point of access to register and update trust records online. The changes increase the amount of information trustees are required to report to HMRC.

The trustees have an obligation to provide HMRC information about the trust assets, settlors, trustees and beneficiaries.

All trusts (including non-resident trusts) with UK tax liabilities (e.g. income tax, capital gains tax, inheritance tax, stamp duty land tax) will need to register using the online service, including those who have already registered by submitting paper form. New trusts or complex estates have to use the online service to obtain a unique tax reference (UTR).

The new online service is not currently available to agents. Agents will be able to register on behalf of the trustees from October 2017, and agents and lead trustees can enter updates for changes of circumstances from early 2018.

Provided registration is completed before 5 December 2017, no penalty will be imposed. In subsequent years where the trust is already registered for self-assessment, the trustees of either a UK or non-UK trust that incur a tax liability are required to update the Register by 31 January after the end of tax year.

Please do contact us if you need help with this new regime.

Related opinions

80% hours for 100% pay? That’ll do nicely

As has been widely reported this week, some 3,000 UK workers are taking part in a six month trial to assess the viability of a four-day working week without any reduction in their normal pay.

View blog

Right to Work Checks: Changes from 6 April 2022

From 6 April 2022, right to work checks on all migrant or settled prospective employees must be online and checks on British or Irish nationals will be manual (free) or digital (charged for).

View blog

A brief update on probate

A new online system for probate applications was introduced in early October 2019, which will allow us to process and track applications for grants of probate online.

View blog

As Japan becomes 'adequate' for data protection laws...will the UK soon become 'inadequate'?

On 23 January 2019, the European Commission and the Personal Information Commission of Japan, concluded a two-year-long dialogue and the adoption of the decisions recognising each other’s personal data protection systems as ‘equivalent’.

View blog

Mailing list sign up

Select which mailings you would like to receive from us.

Sign up