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The Association of Taxation Technicians has shared an update from HMRC on the trust registration service (TRS) to help raise awareness of the need for non-taxable trusts to register their details once the service is open. There is also an opportunity for trustees to participate in a development trial.
Non-taxable trusts will need to register through the TRS on GOV.UK. The service is not yet able to accept registrations of non-taxable trusts but HMRC expects it to be available for in summer 2021. These trusts will have approximately 12 months to register from the date the TRS is made available to them.
To help develop the service for non-taxable trusts HMRC would like to speak to trustees who are interested in working with them to:
- register their non-taxable trusts; and
- provide feedback to help us develop the service.
Trustees interested in volunteering should contact:
