Trust Registration Service

The UK Trust Registration Service (TRS), first introduced in 2017 to enact the EU Fourth Money Laundering Directive (4MLD), currently requires all trusts with UK tax liabilities to register with the TRS and populate it with certain information on their settlors, beneficiaries, power holders and assets.

The UK tax liability includes any of the following:

  • Income Tax
  • Capital Gains Tax
  • Inheritance Tax
  • Stamp Duty Land Tax
  • Stamp Duty Reverse Tax

The deadline to register the trust under the TRS was dependent on the tax that the trust is liable to and if they have previously been registered for self-assessment. The deadline is either 5 October or 31 January in the tax year after the one in which the trust becomes liable for any of the above taxes.

For further information or advice, get in touch with one of our tax team on 01903 234094.