HMRC’s Trust Register is now online and ready to use
– just leave yourself plenty of time
NOTE: Important update to this blogpost now available – this will affect you – Go to update
So, the new TRS became available for agents to use on 17 October 2017. The only fly in the ointment is that as part of this online process agents will be taken through the steps to create an Agent Services account first before they can start to register trusts on behalf of trustees.
You use the link www.gov.uk/trusts-taxes/trustees-tax-responsibilities to create an Agent Services account and then you will be directed to request access to the Trust Registration Service by email. You will receive a response from HMRC giving access to Agent Services and some guidance on what to do next. Once you have created an Agent Services account you will be directed to the Trusts Registration form.
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Please note that the Agent Services account may take several weeks to be set up ie. there is an in-built delay in getting going with Registration. Do apply for an Agent Services Account as soon as you can because it is far from straightforward.
In registering for an Agent Services Account you will be identified as seeking to access the TRS and will not be offered the option of linking existing government gateway IDs and client relationships. This is only undertaken by agents participating in the controlled ‘go-live’ of Making Tax Digital.
HMRC are controlling access to TRS but you can gain access by emailing HMRC (you need to follow the instructions above) and there is no need for you to call the trust helpline as HMRC advisors do not have ability to grant access.
Please remember you have until 5 December 2017 to register new trusts and complex estates, without a penalty. This is an extension to the usual deadline of 5 October following the end of the tax year. We still have no news as to whether HMRC will extend the deadline for registering existing trusts – it remains 31 January 2018. Professional bodies are lobbying for this to be extended without penalties. Watch this space.
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