HMRC’s Trust Registration Service & the Rapidly Approaching Deadline
The UK’s Trust Registration Service or TRS was first introduced in 2017 in compliance with the EU’s Fourth Money Laundering Directive. Initially, only express trusts with UK tax liabilities were required to register with the TRS and provide certain…
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Inheritance Tax Take Continues To Rise
Inheritance tax receipts for April 2021 to March 2022 were £6.1bn, which is £0.7bn higher than in the same period 12 months earlier, latest data from HM Revenue & Customs (HMRC) revealed. The government data also showed receipts…
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