Trust Registration Service

Trust Registration Service extended: from 6 October 2020 the requirement for certain trusts to be registered on HMRC’s trust register has been expanded, so that many more trustees will now need to register their trusts. Previously, under the framework of the EU’s 4th Anti Money Laundering Directive, only those trusts that incurred a liability to UK tax were required to be registered. Now, all UK express trusts, and some non-UK trusts are caught, subject to a helpful set of exemptions.