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HMRC's latest Trusts and Estates newsletter contains some useful information. Here is our enhanced version.

Trusts Registration Service (TRS)

The TRS enables trustees and their agents to register trusts and complex estates online.

Deadlines for registration of trusts:

 Updating the TRS:

 Volunteers wanted

As part of their commitment to continuously improving Trusts and Estates services, HMRC are holding multiple research sessions with agents to understand their requirements and would like to hear from agents interested in participating in:

Those interested in taking part in any of the above sessions should email HMRC at: This email address is being protected from spambots. You need JavaScript enabled to view it..

The Fifth Anti-Money Laundering Directive (5MLD)

Taxation of trusts consultation

HMRC has published a new consultation ‘The Taxation of Trusts: A Review’ considering whether the current system for taxing trusts meets the principles of transparency, fairness, neutrality, and simplicity. areas.

 Inheritance Tax Manual: Speciality Debts

IHT: Application for Confirmation in Scotland

IHT Reference for a Taxpaying Lifetime Event

you must apply for a reference, on form IHT122, for each event, before sending HMRC your account.

Correspondence Scanning issues - avoiding delays

Agent toolkits

The following HMRC toolkits may be helpful for trustees and agents when dealing with trust tax affairs.

Links to our guides:

UK trusts
A guide to what a trust is, types of trust and their tax treatment.

Non-resident trusts
This guide covers theUK taxation of non-resident trusts, planning tips and pitfalls to look out for.

External link:

HMRC Trusts and Estates Newsletter: December 2018