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HMRC internal manual

Trusts, Settlements and Estates Manual

From
HM Revenue & Customs
Updated
, see all updates

Trusts for particular purposes: employment-related trusts - new EFRBS trust

Non Trust Office

Use the tracing function to see if a Trust Office has a record for the EFRBS.

If there is no record notify the appropriate Trust Office (TSEM1420) about the new EFRBS.

See TSEM5300 for guidance on whether the trust is an EFRBS. If you are still not sure whether the trust is an EFRBS, do not contact the trustee, but mention the possibility that it may be an EFRBS when you notify the appropriate Trust Office.

Action in appropriate Trust Office

See TSEM5300 for guidance on whether the trust is an EFRBS. If you are still not sure whether the trust is an EFRBS, contact the trustee to find out.

Issue form 41G (Trust) if appropriate (see TSEM1407 - TSEM1409).

Set the case up in the normal way (TSEM1410). Prepare 3 copies of the summary sheet (TSEM5350, TSEM5355 if non-resident). They are available via Forms and letters within Excel SEES. If the trust is a QUEST, add ‘(QUEST)’ after the name. Retain one copy of the summary in the Permanent Notes folder of the trust file. Issue one to the employment income tax office. The copy for the tax office should be emailed to a central point.

Submission to HMRC Trusts & Estates Technical Edinburgh

The summary in the folder shows when exceptionally, to submit the case to Trusts & Estates Technical Edinburgh.

Liaison with other offices

The summary in the folder also shows when to liaise with other offices, to cover all technical and compliance angles.

Approved scheme that loses approval

If Pension Schemes Office (PSO) grants a pension scheme approval, Trust Offices are not involved. Sometime a scheme loses approval. If this happens Trusts & Estates Nottingham will be the responsible Office.

In both resident and non-resident cases they treat the pension schemes like FURBS (TSEM5300).