HMRC’s new “Trust Registration Service”

HM Revenue & Customs recently introduced a new online Trust Registration Service. New and existing trusts and also some ‘complex’ estates of deceased persons must register using the new service. There is an initial deadline for some trusts and estates of 5th January 2018 (which has been extended by HMRC from the original deadline of 5th October 2017). Trustees and Personal Representatives will need to ensure that they register by the relevant deadline or face penalties for non compliance (the level of which have yet to be confirmed by HMRC).

More information about the new service can be found on the government website via the following link:

https://www.gov.uk/trusts-taxes/trustees-tax-responsibilities

If you are a Trustee or Personal Representative and think you may need to take action, please contact one of our specialist lawyers who will be glad to help (click on the link below).

Wills, Probate, Trusts & LPAs