Regular readers will know that the Tax Faculty has been following the progress of the new government Trust Registration Service, pressing HMRC for information and requesting extensions to the deadlines.
As already reported the deadline for registering new trusts and complex estates is now 5 January 2018, moved from 5 October 2017. We will continue to press for an extension to the 31 January 2018 deadline for registering existing trusts.
As part of our campaign to extend the deadline we wrote to the Financial Secretary to the Treasury to explain our concerns and ask for the extensions. The letter is published as ICAEW REP 127/17.
WARNING TO THOSE USING THE TRUST REGISTRATION SERVICE