Up to 1 million trusts in the UK could be caught by an extension to the requirement to sign up to HMRC’s non-taxable trust register, according to tax specialists from Collyer Bristow and Wedlake Bell.
Those failing to sign up by 1 September 2022 risk fines and difficulties accessing professional advice.
Apart from a few exemptions, trustees of non-taxable trusts are subject to this extension along with home-owners where th...
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