Registration service opens to non-taxable trusts

HMRC has opened its trust registration service to all trusts, including non-taxable ones in existence since 6 October 2020.

All UK express trusts and some non-UK express trusts must register with HMRC. This includes non-taxable trusts, unless they are excluded due to certain characteristics.

A non-taxable trust must be registered if:

  • it was created between 6 October 2020 and 1 September 2022
  • it was created within the 90 days after 1 September 2022
  • there are changes to the trust's details or circumstances.

The change also gives trustees more time to register than they have under current legislation, extending the trust registration deadline from 10 March 2022 to 1 September 2022.

HMRC said legislation "will be amended shortly to reflect this".

The Institute of Chartered Accountants in England and Wales confirmed that trusts relating to healthcare policies and children's bank accounts will not be required to register with HMRC.

HMRC provides a portal for trustees registering a trust, separate from the portal for agents registering a trust.

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