The CIOT and ATT have passed on clarification obtained from HMRC on a number of trust registration service (TRS) queries. These include:
The CIOT and ATT have passed on clarification obtained from HMRC on a number of trust registration service (TRS) queries. These include:
Details of the penalty regime are expected to be announced at the end of February.
HMRC has also updated its guide for using the TRS (http://bit.ly/2AP6hoY), with information on how to record details of more than two settlors of a trust. The first two should be recorded in the TRS and details of the others sent to HMRC in writing.
The CIOT and ATT have passed on clarification obtained from HMRC on a number of trust registration service (TRS) queries. These include:
The CIOT and ATT have passed on clarification obtained from HMRC on a number of trust registration service (TRS) queries. These include:
Details of the penalty regime are expected to be announced at the end of February.
HMRC has also updated its guide for using the TRS (http://bit.ly/2AP6hoY), with information on how to record details of more than two settlors of a trust. The first two should be recorded in the TRS and details of the others sent to HMRC in writing.