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HMRC reminds trustees and agents to register trusts on time

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Published on: 31 May 2022
Published by LNB News

LNB News 31/05/2022

Document Information

Issue Date: 31 May 2022

Published Date: 31 May 2022

Jurisdiction(s): England, Northern Ireland, Scotland and Wales

Article summary

HMRC has updated its ‘Register a trust as a trustee’ and 'Register a trust as an agent' pages, specifically the ‘When to register’ sections. HMRC warns that if trustees or agents do not register trusts on time, a notification letter may be sent to the trustees reminding them of their obligations to keep the register up to date. Additionally, a penalty may be charged.

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Jurisdiction(s):
England, Northern Ireland, Scotland and Wales

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