HMRC publishes detailed guidance on new online register of trusts

HMRC has published detailed guidance for users of its online trust registration service (TRS), launched in July 2017.

HMRC expects trustees to ensure that details of their trust are accurate and up to date at any point in time that they make changes on the TRS. Where no relevant changes have taken place since the end of the previous tax year, the update can be limited to confirmation that no such changes have occurred. If the trustees are not liable to pay any of the relevant UK taxes in respect of the tax year, they are not required to update the register.

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