The law requires most trusts, including all express trusts not falling within an exemption, to be registered online with the Trust Registration Service operated by HMRC. This now applies whether or not the trust has a tax liability. Penalties may be charged for failure to register. This guidance note sets out the rules on determining which trusts will need to be registered and explains the process for registration. It also covers the circumstances in which the register will need to be updated, and the other record-keeping requirements imposed on Trustees by legislation.
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