Trust registration service for non-taxable trusts

HMRC brought out new rules which came into effect on 6 October 2020 that require all UK express trusts and some non-UK trusts (such as, acquired land or property in the UK and/or have at least one trustee resident in the UK and enter into a ‘business relationship’ within the UK) to register with HMRC. This includes all non-taxable trusts.

This is one of the latest changes by HMRC for their drive to be digital.

The trusts registration service is a new online service that has replaced filing a manual Form 41G. The new service allows trusts and complex estates to comply with their registration obligations and to obtain a UTR number which is required for filing the trust tax return.

The deadlines for registering the Trusts are as follows:

  • All non-taxable trusts in existence on or after 6 October 2020 must be registered by 1 September 2022
  • Non-taxable trusts created after 1 September 2022 must be registered within 90 days of creation
  • Any changes to the trust details and or circumstances must be notified within 90 days of the change

We will be in touch in due course regarding the registration process, please contact us if you require any further information or if you are unsure whether your Trust needs to be registered.