Registering your Trust

A step-by-step guide to registering your trust

New legislation has now come into force, requiring the majority of UK resident non-taxable trusts in existence on or after 6 October 2020 to be registered by the trustees on the HMRC Trust Registration Service.

In addition, new trusts must now register within 90 days of being created.

We’ve created a step-by-step guide to support you in registering your Trust with HMRC. Along with an example document that you can download to assist with gathering the relevant information for registration.

Trusts holding Irish investment bonds

If you have a trust holding an Irish investment bond with Canada Life International Assurance (Ireland) DAC, and you also have a unique identification number from the Irish Revenue (known as a TAIN), in addition to registering with TRS you will be able to register with the Irish Central Register of Beneficial Ownership of Trusts (CRBOT). You can find a step-by-step guide below to help you.

If you do not have a TAIN you don’t need to register with CRBOT at this point. The Irish Revenue are working to simplify the CRBOT registration process for non-Irish residents, and in the meantime penalties will not be levied for trustees who don’t complete a CRBOT registration.