HMRC has highlighted
the requirement for non-taxable trusts to register their details with HMRC
using the Trust Registration Service (TRS), from the point at which the service
becomes available to all non-taxable trusts (expected some time in summer
2021). From that date, non-taxable trusts will have 12 months to register via
the service.
The ATT
notes that HMRC is also interested in working with trustees to develop and
improve the TRS.
HMRC has highlighted
the requirement for non-taxable trusts to register their details with HMRC
using the Trust Registration Service (TRS), from the point at which the service
becomes available to all non-taxable trusts (expected some time in summer
2021). From that date, non-taxable trusts will have 12 months to register via
the service.
The ATT
notes that HMRC is also interested in working with trustees to develop and
improve the TRS.
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