Sarah Bradford explains which trusts must be registered with HMRC by 1 September 2022.
Certain trusts must be registered with HMRC. Registration is required to ensure compliance with the money laundering regulations and to enable the trust to obtain a unique taxpayer reference (UTR).
Registration deadline
The registration deadline depends on whether the trust is taxable and the date on which it was created.
Taxable trusts created on or after 6 April 2021 must be registered by the later of:
- 90 days of the date on which the trust became liable for tax; and
-
1 September 2022.
Thus, where a trust became liable for tax on or before 3 June 2022, it must be registered on or before 1 September 2022. Trusts that became liable for tax after that date must register within 90 days of the
