TRSM32020 - Registration: contents: information required: contents: trust details

Trustees of all trusts registering on TRS must provide the following information on the trust:

Unique Taxpayer Reference (UTR)

  • Trustees are asked if the trust has a Unique Taxpayer Reference (UTR), and if so, to provide it. Because this question is used to help determine whether a trust is taxable or non-taxable, trustees should interpret this question as asking whether the trust has a UTR that is in current use (because the trust is currently taxable).

This question should be answered ‘Yes’ if the trust has a UTR which is currently being used to submit tax returns and pay any taxes due now or which are expected to be due in the foreseeable future.

This question should be answered ‘No’ if the trust does not have a UTR; or if the trust does have a UTR but this UTR is currently dormant and the trust is currently non-taxable and the trustees have no reason to expect a tax liability in the future.

Trust name

  • For example, ‘The Whiteacre Settlement’

The date the trust was created

  • This is the date that assets were first settled into trust. For trusts created by will, see TRSM23020 for further information on timing and registration requirements.

Are all or some of the trustees based in the UK?

  • In addition to this question, the trustees must provide information on the individual residency of trustees, see TRSM32030.

Are any of the settlors based in the UK?

  • If some of the trustees are based outside the UK, the trustees will need to answer this question on the residency of the settlor or settlors of the trust, see TRSM32040

Has the trust acquired UK land or property since 6 October 2020?

  • This is a yes/no question and does not require the trustees to provide details of the land in question. However, the trustees may separately have to provide details of the land if the trust has a UK tax liability – see TRSM32080

Is the trust listed on a European Economic Area (EEA) register?

  • The EEA includes all countries within the European Union (EU) and also Iceland, Liechtenstein and Norway, see TRSM23150. Some of these countries have their own register of trusts. This question is asking whether the trust is already listed on one of these registers. Trustees are not required to provide a reference number or other verification.

Does the trust have a business relationship in the UK?

  • This question is only relevant if the trust is a non-UK trust with at least one UK-resident trustee. This question is only asked if the trust has non-UK trustees, or a mix of UK and non-UK trustees and a non-UK settlor. See TRSM24000 for guidance on the meaning of ‘business relationship’.