July 29, 2022 | Mercers Solicitors
What is the Trust Registration Service (TRS) and do you need to register your Trust?
There is a legal obligation for trustees to register trusts on the TRS. Most express trusts now need to be registered, although there are some exclusions (see below). HM Revenue & Customs (HMRC) will enforce penalties if trustees do not register the trust by the applicable deadline or if trustees do not keep trust details […]