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Coronavirus: Our offices are fully operational and open for business. The safety of our clients and staff remains our number one priority. Meetings can take place by telephone, via Video/Zoom call or face to face at our Covid safe offices. Please contact us (via telephone or email) to arrange an appointment in advance. Socially distanced home visits can also be organised where necessary and appropriate. Please read our Visitor Guidance. If you would like to speak to a member of our team to discuss any aspect of our services please call us on 01323 727321. Alternatively, you can contact us via the Contact Us page, using the details on the Meet the Team section of our website or by emailing info@hartreade.co.uk. Thank you for your continued co-operation.

Has Your Trust Been Registered?

The rules regarding trusts have recently changed and as a result most new and existing trusts need to be registered with HMRC via the ‘Trust Registration Service’ (TRS). The TRS was set up in 2017 and in an online register containing details of the trust, settlor, trustees and beneficiaries.

Initially, only taxable trusts were required to be registered. The new rules have extended the registration requirement to include all trusts (save those which are explicitly exempt), even those without tax consequences. It is anticipated that this will affect between five hundred thousand and one million UK trusts.

Existing trusts need to be registered by the deadline of the 1 September 2022. New trusts that need to register from 1 September 2022 must do so within 90 days. The responsibility for registering a trust falls to the trustees and it is possible that trustees who fail to register a trust before the deadline will face a penalty issued by HMRC.

Get in touch

To ensure you meet the trust registration deadline and have completed the process correctly please get in touch with our Private Client team. Call us on 01323 727321, visit our website www.hartreade.co.uk or email us on info@hartreade.co.uk. We offer appointments at any of our offices in Eastbourne, Meads, Polegate and Hailsham.

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Please note the above is for information purposes only and is intended to be a short summary.  It should not be treated as a comprehensive guide and should not be acted on without qualified legal advice.