Market leading insight for tax experts
View online issue

HMRC extends TRS deadline for existing trusts

printer Mail

HMRC has agreed to extend the trust registration service (TRS) deadline for existing trusts until 5 March 2018. Taxable relevant trusts registered after the strict 31 January deadline will not face penalties if registered no later than 5 March 2018.

HMRC has agreed to extend the trust registration service (TRS) deadline for existing trusts until 5 March 2018. Taxable relevant trusts registered after the strict 31 January deadline will not face penalties if registered no later than 5 March 2018. This responds to requests by the professional bodies for an extension in view of the delay in opening the TRS to agents.

There is no change to the extension announced in November for trusts who are first registering for self-assessment in 2016/17. These trusts still need to register with the TRS by 5 January 2018 in order for the UTR to be issued securely in time for the self-assessment deadline of 31 January 2018.

EDITOR'S PICKstar
Top