Calling all Trustees
9/13/2022
From 1st September 2022, most express trusts will need to be registered with HMRC, regardless of whether they are liable to pay tax. This extension to the Trust Registration Service, requiring non-taxable trusts to register, is a result of the UK’s implementation of the EU’s 5th Money Laundering Directive. It is the responsibility of the Trustees to make sure registration has taken place, so if you are a Trustee you should now consider whether your trust needs to be registered.... read more