The trust registration service – update from HMRC

Dec 11, 2017

We’ve carried several items recently on the Trust registration service, this week we bring you news of further updated guidance and advice from HMRC which confirms that for 2016/17 only HMRC will not impose a penalty if the trust is not registered by 31 January 2018 but is registered no later than 5 March 2018.

HMRC is expected to update its published guidance shortly to reflect this. Chartered Accountants Ireland will also be publishing a briefing note on the trust registration service in early 2018.  In the meantime, please refer to HMRC’s guidance in this area.