Many may not be aware that there is a rapidly approaching deadline whereby HM Revenue and Customs require all UK and some non-UK Trusts to be registered prior to the 1st September 2022.
Established since 2017, the Trust Registration Service (TRS) stated that all UK Express Trusts liable to pay UK tax were required to register. The (TRS) was set up in 2017 as part of Anti-Money Laundering Regulations and to satisfy the requirements of The Money Laundering and Terrorist Financing and Transfer of Funds Regulations.
