Taxation

Trusts Registration Service

HMRC has launched a new Trusts Registration Service (TRS), so that trustees can register their trust online and provide information on the beneficial owners of the trust. The new service launched in early July for trustees and replaces the 41G (Trust) paper form, which was withdrawn at the end of April.

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MTD delayed by HMRC

HMRC has confirmed the requirements for digital quarterly reporting are being stripped back to cover only VAT in a revised road map for Making Tax Digital (MTD).

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