Forsters LLP updates

 
New register for trusts
Forsters LLP
  • Private Client & Offshore Services
  • United Kingdom
  • November 16 2017

The government recently enacted legislation which obliges trustees to collect, maintain and disclose information about trusts and related individuals. The information must be provided via Her Majesty's Revenue and Customs' (HMRC's) new online Trust Registration Service (TRS). As part of the regular new guidance on the practical operation of the TRS register, HMRC has released a set of frequently asked questions which deal with some areas of uncertainty.

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