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HMRC is asking for volunteers to take part in a trial of extended features of the trust registration service. Volunteers with new will trusts are invited to register them in a controlled environment, where the trusts meet the following criteria:
- the lead trustee is UK based;
- individuals or classes of beneficiaries exist; and
- sole assets of the trust are cash or shares.
The controlled environment will enable HMRC to track the registration process through its systems to successful completion, or identify any issues stopping submission.
Those who wish to participate in this testing and have a trust that meets the above criteria, should email the HMRC testing team at service_team17.digital_ddcn@digital.hmrc.gov.uk.
TRS update: tinyurl.com/trsvolaug
