Commentary

A4.574A Trust Registration Service (TRS) late filing penalties

Administration and compliance

A4.574A Trust Registration Service (TRS) late filing penalties

A4.574A Trust Registration Service (TRS) late filing penalties

The HMRC Trust Registration Service (TRS) was launched in July 2017 and provides a single online route for trusts and complex estates to comply with their registration obligations (see I4.539 and I5.1030)1.

The service allows trustees with a new tax liability to register the trust details online by 5 October of the tax year after either the trust has been set up or it starts to make income or chargeable gains (if later). Trustees with an existing unique taxpayer reference (UTR) must register by the following 31 January.

HMRC has confirmed that penalties

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