Have you registered the Trust?
Unsure of what is involved?
We are here to help.
Whether you are a trustee of an existing Trust, in the process of creating one, or seeking guidance for the future, our specialist team can offer advice, support in meeting the TRS obligations or carry out the complete registration on your behalf.
Created in 2017, the Trust Registration Service (TRS) ensured that people who owned assets held in Trusts paid the correct amount of tax. The UK Government introduced the trust register to improve compliance with anti-money laundering regulations and improve the clarity surrounding national tax liabilities.
Last year new legislation came into effect. This legislation requires trustees in the UK to register their Trust on the HMRC Trust Registration Service before 1st September 2022.
For Trusts created after 1st September 2022, Trustees have 90 days to register.
Under the legislation, a broad range of trusts are included:
We can help:
Whether you are a trustee of an existing Trust, creating one or seeking guidance for the future, the specialist team can offer advice, support in meeting the TRS obligations or carry out the full registration on your behalf.
It is vital to note that if a trust is not registered or the trust registration service is not updated, this could result in a fine from HMRC.
If you would like assistance registering your trust, our experts can complete this registration process. To understand the charges, please visit our Cost of Services page.
The cost may vary according to your situation.
Still unsure? Visit our Frequently Asked Questions page for more help in understanding your trust. Alternatively, get in touch with us by entering your details below.
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