beta This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Trusts, Settlements and Estates Manual

Introduction to trusts/introduction to trusts: new trusts/Trusts Registration Service

The Trusts Register provides a single point of access for trustees and their agents to register and update trust records online, replacing form 41G(Trust), which was decommissioned on 30 April 2017.

The service, known as the Trusts Registration Service (TRS), will provide a single online route for trusts to comply with their tax obligations as well as implement the requirements of the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017.

The Trusts Register covers all trusts with a UK tax liability including trusts that are outside the UK but have a UK tax consequence. Tax consequences arise if the trust incurs UK liabilities for income tax, capital gains tax, non-resident capital gains, inheritance tax, stamp duty land tax or stamp duty reserve tax.

Trustees will need to confirm the information held on the Trust Register is accurate and up to date, guaranteeing their obligations under Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 are complied with. This includes those trusts that have already registered with HMRC using form 41G(Trust).

Any new trusts with a UK tax consequence will be required to use the TRS to obtain a unique taxpayer reference (UTR).