HMRC’s Trust Registration Service (TRS)

The Trust Registration Service

Our team can assist trustees with registering their trust with HMRC and ensuring that the trust registration is kept up to date.

Registration and Maintenance of the Trust Register

The Trust Registration Service is an online register managed by HMRC and keeps a record of trusts in the UK. This register contains details of the trustees, the settlor, beneficiaries and, where applicable, trust assets.

All UK express trusts are required to register except where a specific exclusion applies.

The trustees are responsible for ensuring that any relevant trusts are registered with HMRC within 90 days of creation and that the record is kept up to date. Any changes made to the trust must also be reported on the TRS within 90 days of the date of change. HMRC may impose penalties where a registerable trust fails to register on the TRS or the record is not kept up to date.

The trustees of taxable trusts are also required to submit an annual declaration to HMRC to confirm that the information held is accurate,

If you are a trustee and require assistance registering or maintaining a trust on the TRS, please do get in touch.