HMRC has confirmed that it will not be enforcing the current 30-day reporting deadline for updating trust details on the trust registration service. The UK government intends to legislate to increase the deadline to 90 days later this year.
In response to queries from the CIOT and ATT, HMRC has said:
‘Although the 30-day reporting requirement continues to apply in principle until the legislation is amended, in recognition of the imminent change and also of the fact that the overall deadline for registration of relevant trusts is not until September 2022, HMRC will not be enforcing the 30-day reporting requirement at this time.’
HMRC has confirmed that it will not be enforcing the current 30-day reporting deadline for updating trust details on the trust registration service. The UK government intends to legislate to increase the deadline to 90 days later this year.
In response to queries from the CIOT and ATT, HMRC has said:
‘Although the 30-day reporting requirement continues to apply in principle until the legislation is amended, in recognition of the imminent change and also of the fact that the overall deadline for registration of relevant trusts is not until September 2022, HMRC will not be enforcing the 30-day reporting requirement at this time.’
