You may not be aware of some new legislation which has been announced that forces nearly all trusts to register with HMRC before 1 September 2022, whether or not they have a liability.
The new rules impose penalties for non-compliance which will include many arrangements that have not previously needed to be reported.
If you think you might be affected, please download our pdf which has the full information and contact us for help if you need to register, or are unsure whether you are affected by this change.
Download our pdf here
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PLEASE NOTE: By the very nature of this type of information the details of tax law might have changed since they were published, so contact your Barnes Roffe partner before acting on any matter contained in these documents.