09 February 2018

UK introduces new trust registration and reporting requirements

The United Kingdom (UK) has recently introduced new registration and reporting requirements which may affect both UK and non-UK trusts, and which should be considered by all affected parties. Under the new requirements, impacted UK and non-UK trustees have until March 5 to register all qualifying trusts on the new UK Trust Reporting Service (the Register), in order to avoid incurring penalties.

A Global Tax Alert, attached below, provides additional details.

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ATTACHMENT

Full text of Tax Alert 2018-0293

Document ID: 2018-0293