Trust Registration / Estates

Due to the implementation of the 5th Anti-Money Laundering Directive (5AMLD) in January 2020, HMRC now mandates the registration of certain ‘arrangements’ through their Trust Registration Service (TRS). This has resulted in substantial revisions to the reporting obligations concerning trusts.

Previously, only taxable trusts were required to adhere to reporting regulations.

However, under the new directive, nearly all non-taxable trusts and various other arrangements must also register with HMRC’s TRS, with a few specific exceptions.

If you are uncertain about whether your trust needs registration and returns, please reach out to us for guidance.