Are You a Trustee of a Trust That Now Needs Registering?

From 10 March 2022, the scope of trusts needing registration with HMRC expanded due to the EU’s Fifth Money Laundering Directive. Trustees need to register applicable trusts by 1 September 2022. Common examples include Bare Trusts, Discretionary Trusts, Trust Funds for minors, and Life Interest Trusts. Many such trusts are created within a Will.

If you are a trustee of a trust needing registration and require assistance or more information, contact Symes Bains Broomer on 01405 765561.