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HMRC Trust Registration – Important Notice to our Clients
As a result of the 5th Money Laundering Directive, UK express trusts and some non-UK trusts in existence on or after 6 October 2020 must be registered with the UK Trust Registration Service (TRS) by 1 September 2022.
We have contacted clients in relation to any active retainers to advise of these new requirements, however where we have no active retainer, this has not been possible.
If you have a Trust in place, please ensure that you are aware of the new requirements and comply with any registration requirements. Further information about the TRS requirements, and details of how to register, can be found here: https://www.gov.uk/guidance/register-a-trust-as-a-trustee
Please be advised that if you do not register your trust or keep the details on the register up to date, HMRC may enforce penalties.
Our offices are now fully reopen.
If you have an appointment but are experiencing any COVID-19 symptoms, please do not attend our office and call us to rearrange for a later date.
Thank you for your continued support and cooperation.
Malcolm C Foy & Co prides itself on providing advice that is clear and straightforward. Our multi-disciplinary expertise is built upon years of skill and experience.