The trust registration service – update from HMRC
Further updated guidance and advice from HMRC has confirmed that for 2016/17 only HMRC will not impose a penalty if the trust is not registered by 31 January 2018 but is registered no later than 5 March 2018.
HMRC is expected to update its published guidance shortly to reflect this. Chartered Accountants Ireland will also be publishing a briefing note on the trust registration service in the coming weeks. In the meantime, please refer to HMRC’s guidance in this area.