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Registering a non-taxable trust

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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.

Issue: 1543
Categories: News