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Trust Registration Service

Briefing note

HMRC's Trust Registration Service has changed - have you registered your trust?

What is the Trust Registration Service?

The Trust Registration Service (TRS) is a register of the beneficial ownership of trusts. The TRS was first set up in 2017, requiring trustees to register if their trust was liable to pay the following taxes: income tax, capital gains tax, inheritance tax, Stamp Duty Land Tax (Land and Buildings Transaction Tax in Scotland) or Stamp Duty Reserve Tax.

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 before 1 September 2022.

Trusts created after 1 September 2022 must register within 90 days.

We’ll be regularly updating this page with further advice provided by HMRC.

What information do HMRC require?

As a trustee, you’ll need to provide HMRC with the details of:

  • The trust
  • Settlor
  • Trustees
  • Beneficiaries
  • Any individual who has control over the trust, in some instances referred to as protectors.

You can find out more and register your trust here.

FAQs

Trustee duties and TRS

View our on-demand webinar

Webinar

Trustees' duties

Find out more about the role of a trustee

Trustees Duties

Trust Register and Trustees’ Obligations

Find out more below

Briefing Note