The new Trust Registration Service (TRS) is now available for agents to use. It allows trustees and agents to register their trust and complex estates online and provide information on the beneficial owners of the trust or estate. As part of this online process, agents will be taken through the steps to create an Agent Services account before they can register on behalf of trustees.
In this first year of TRS, to allow sufficient time to complete the registration of a trust or complex estate for SA and provide beneficial ownership information, there will be no penalty imposed where registration is completed after 5 October 2017 but before 5 December 2017.
For more information please visit this website.
source: – taxagents.blog.gov.uk
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