Autumn 2022 changes to trust registration requirements

After all the work getting details held on the UK’s trust register up to date this January advisers now have a new challenge – adding a much wider range of trusts to the register by autumn 2022.

Under new rules which took effect in October 2020 registration is now no longer limited to trusts with a UK tax liability and instead in the name of transparency all existing UK trusts (and an increased range of non-UK trusts) must register – unless they are specifically excluded.

In this article I will be looking at a brief history of the regulations before turning to what non-taxable trusts (which have not previously been required to register) will need to do to comply with the changes. In a forthcoming Taxation article I will cover the changes to taxable trusts and what additional information they must supply by...